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Herbalife Ltd. Message Board

  • stimulatemypackage stimulatemypackage Feb 14, 2013 10:12 PM Flag

    Icahn using Over the Counter option contracts to accumulate

    Wonder who actually has to deliver and do they have the shares already?

    From Bloomberg:

    Icahn purchased about 1.6 million Herbalife shares between Dec. 20 and Dec. 24, according to the filing. That was after Ackman disclosed on Dec. 19 his bet against the nutritional supplements company. Icahn restarted his share purchases in Herbalife on Jan. 28, after the Bloomberg interview, and after he said in a statement on Jan. 25 that Ackman was taking “inordinate risks” regarding his investment approach to Herbalife.

    On Jan. 28 and Jan. 29, Icahn acquired another 3.6 million shares and options, primarily through over-the-counter option contracts, the filing shows. He purchased the remainder of his stake through today, according to the document.

    Icahn’s stake is comprised of 2.47 million shares and options on another 11.54 million shares.

61.13-0.10(-0.16%)Sep 26 4:02 PMEDT