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Investment bank Jefferies Group has been on the hunt for about a
month to find buyers for Icahn's 18.3 percent stake in Herbalife,
the Journal said, citing people familiar with the matter.
(http://on.wsj.com/2bMkIA0)
Ackman's Pershing Square declined to comment. Jefferies and
Herbalife were not immediately available for comment and Carl
Icahn could not be immediately reached outside regular U.S.
business hours.
Icahn and Ackman had placed opposing bets on Los Angeles-based
Herbalife. Ackman for years has been betting against the
company, accusing it of running a pyramid scheme.
The duo even became embroiled in a public war of words, with
Icahn famously calling Ackman a "liar" and a "crybaby" in a CNBC
interview in 2013. They have since made up.
Herbalife in mid July agreed to pay $200 million and change the
way it does business to avoid being labeled a pyramid scheme by
the U.S. Federal Trade Commission.
Following the settlement, the company said its board had cleared
the way for Icahn to boost his stake in the company to as much
as 35 percent.
(Reporting by Bhanu Pratap in Bengaluru; Editing by Gopakumar
Warrier and Savio D'Souza)
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