(New York Post) Icahn said Ackman, whose Pershing Square hedge fund has a $1 billion dollar short bet on Herbalife, should realize he’s “boxed in,” with little room to maneuver. Nearly a third of the nutritional supplement company’s shares are held short, and nearly 25 percent are closely held. With so few shares available on the market, Ackman could find himself in the proverbial “short squeeze” should the share price rapidly rise, Icahn told CNBC….
Carl Icahn backs Bill Ackman into a corner in Herbalife battle
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