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Icahn denies attempt to sell Herbalife stock

Staff Writer |
Carl Icahn said he did not attempt to sell his Herbalife stake, and had instead bought more shares.

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Herbalife shares rose 4 percent in extended trading, reversing course after Icahn said he had bought 2.3 million shares on Friday.

"Completely contrary to what Bill Ackman stated on television today, I have never given Jefferies an order to sell any of our Herbalife shares," Icahn said in a statement after market close.

Ackman, who unveiled a $1 billion short bet against Herbalife in 2012, said on CNBC earlier in the day that Icahn's planned stake sale would accelerate the company's downfall.

"I continue to believe in Herbalife," Icahn said, disclosing a 20.78 percent stake in the company.

He held 18.32 percent of Herbalife as of July 15.


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