The controversy surrounding Herbalife Ltd should not prevent a willing buyer for the company from being able to finance a takeover, billionaire investor Carl Icahn told CNBC television on Friday.Icahn failed to comment on whether his firm, Icahn Enterprises LP, would launch a tender offer for shares of the weight-loss products company, a day after revealing a 13 percent ownership stake and a desire to explore strategic options for Herbalife.The famed corporate raider did say that financing a takeover would not be a problem."I think we would definitely get capital if we needed it," Icahn told the business news station. "You can imagine I've had calls from a number of investment bankers and people with capital. We have capital ourselves."
Herbalife Ltd. is a global network marketing company that sells weight management, nutritional supplements, energy, sports and fitness products and personal care products through a network of approximately 2. Shares of HLF traded higher by 5.17% or $1.98/share to $40.25. In the past year, the shares have traded as low as $24.24 and as high as $73.00. On average, 9307260 shares of HLF exchange hands on a given day and today's volume is recorded at 31427822.
Icahn Enterprises L.P. (Icahn Enterprises) is a diversified holding company. Shares of IEP fell by 6.15% or $-5.361/share to $81.79. In the past year, the shares have traded as low as $37.22 and as high as $87.99. On average, 30198 shares of IEP exchange hands on a given day and today's volume is recorded at 265357.
Source
