17-07-2016 14:43 via feedproxy.google.com

The epic war between Bill Ackman and Carl Icahn is over, and Icahn won (HLF)

Bad news for Bill Ackman.
The Federal Trade Commission on Friday reached an agreement with multilevel marketing firm Herbalife, that kept it from being labeled a pyramid scheme.
Ackman, the founder of Pershing Square Capital Management, has been short Herbalife since December 2012, when he made a $1 billion bet that the stock would go to $0 and began a campaign to convince regulators and investors of wrongdoing by the company.
Fellow billionaire and activist investor Carl Icahn took the oth
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