Icahn considered selling Herbalife stake to bill Ackman-led group
Investment bank Jefferies Group LLC has been seeking over the past month to find buyers for Icahn's 18% stake, which is worth roughly $1 billion.
The status of the talks and which other investors may be involved wasn't clear and Mr. Icahn may sell nothing in the end, the report said.
Last month, the Nutrition supplements company Herbalife agreed to fully restructure their U.S. business operations and pay $200 million to compensate consumers to settle Federal Trade Commission (FTC) charges that the companies deceived consumers into believing they could earn substantial money selling diet, nutritional supplement, and personal care products. ■