Herbalife Nutrition: Slips after Icahn sells stock back to co

High Liner Foods

04/01/2021 13:30

** Shares of nutrition company  HLF.N  down 6.4% at $45 -
set to open at lowest price in nearly two months 
    ** On Sunday, it says activist investor Carl Icahn has sold
more than half his stake back to HLF for $600 million at $48.05
a share 
    ** Says Icahn gave up five seats on firm's board held by his
representatives  urn:newsml:reuters.com:*:nL1N2JF02D 
    ** Icahn had a 15.5% stake in Herbalife as of Sept. 30 and
was top shareholder; now owns 6.73% according to regulatory
filings 
    ** Latest deal expected to close by Jan. 7
    ** HLF rose just 0.8% in 2020, but has gained nearly
three-fold since 2013, when Icahn began buying stock 

 (Reporting by Nivedita Balu in Bengaluru)
 ((Nivedita.Balu@thomsonreuters.com; within U.S. +1 646 223
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