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Herbalife Squeezes Ackman Short With New Buyback, Icahn Deal

(Bloomberg) The battle between billionaire investors Carl Icahn and Bill Ackman over the future of Herbalife Ltd. just got turned up a notch. The nutritional-supplements company disclosed a barrage of news Monday that sent its stock surging, including now-dead talks to go private, a new share buyback plan and a pact with its biggest investor, Icahn. The statement dealt a quick blow to Ackman and others that have bet against Herbalife’s stock, while handing a paper profit to Icahn.

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