Icahn takes a bigger stake in Herbalife

March 7 Thu Mar 7, 2013 5:25pm EST

March 7 (Reuters) - Activist investor Carl Icahn increased the size of his stake in Herbalife Ltd to 15.55 percent, a filing on Thursday showed.

Icahn, who runs Icahn Enterprises, had earlier reported a 13.6 percent stake in the maker of weight loss products.

Under an agreement with the board, Icahn has the right to increase his stake to 25 percent, and put two directors on its board.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.