Carl Icahn looks to be out for blood, disclosing late today that he's bought 14M shares,...
Feb 14 2013, 17:58 ET
Carl Icahn looks to be out for blood, disclosing late today that he's bought 14M shares, representing a 13% stake in battered Herbalife (HLF). According to the SEC filing, Icahn claims to "have conducted significant analysis," and "concluded that the company has a legitimate business model, with favorable long-term opportunities for growth." The disclosure further adds that he intends to have discussions with management regarding the business and strategic alternatives to enhance shareholder value, such as a recapitalization or going-private. Shares +20% AH.