(Reuters) Six years ago, billionaire investor William Ackman wagered $1 billion that Herbalife’s stock price would tumble to zero after publicly calling the nutrition company a fraud in a three-hour presentation before investors, analysts and the media. On Wednesday there was little fanfare when the hedge fund manager let slip to a cable news reporter that his Pershing Square Capital Management was no longer betting against Herbalife.
Ackman Ends Public Battle With Herbalife, Takes Stake in United Technologies
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