But on Friday afternoon, Icahn said not only that he’s not looking to sell, but also that he had just bought 2.3 million additional Herbalife shares. Typically, Herbalife salespeople bought products and tried to get others to do the same. Three years ago, both called into CNBC, and Ackman called Icahn a bully; Icahn countered that Ackman reminded him of a little boy crying in a schoolyard. On Friday, before Icahn released his statement, Ackman said on CNBC that a sale by Icahn could shake confidence in Herbalife. Herbalife shares, which are up about 10% this year, fell 2.3% in Friday trading.

Source: Los Angeles Times August 26, 2016 21:11 UTC