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FBN’s Charlie Gasparino says that Carl Icahn has upped his stake in Herbalife, and will get two seats on the company’s board.
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Breaking news for you Charlie -- joining us now on the phone with well -- latest news concerning -- -- life -- -- shares -- started trading again but.
What's the latest you've heard telling.
Well we got that would Carl -- getting much more deeply in -- in this company.
-- either he really does a galactic which we know we -- some.
Or you really think dead Herbalife is an amazing company that Italy will we -- what he's done.
He's up to speak slightly and has been rumors all week -- who's gonna -- -- -- Yup it's safe slightly was somewhat below 1213%.
-- at around thirteen point 6%.
But moreover he gets two board seats honorable life he's gonna get to -- today Icahn partners whatever his company's name is.
It's -- to get two seats on the company's board.
And on top of that he's got the ability though at least according to the press release and what they're saying.
He's steady gig he's got the authority to bite -- increases stake another 25%.
So this is pretty interesting -- bad guys -- -- what's this stock doing.
It is not nearly 7% now Charlie -- two and a half dollar size six point 76.
CA did you have an I will say this and get this this shows you so that the powers social media -- -- twittered about -- -- over the last couple days I've been getting a lot of people might Twitter page saying that we understand that you're gonna break a story without Carl Icahn.
He's upping his stake out -- -- businesses this was -- -- the messages.
I could guy blow what I told him to fail I don't know he's upping his stake I'm not interviewing him but I did try to check out the rumor we called up by Todd.
We called up the company -- really got nowhere.
But there it is a day later -- two days later he is upping his stake slightly value got the authority -- up with even more.
And -- get he's got board seat at this is really fascinating it's happening this way.
Car got a Chanel for a lot of reasons we -- dedicated to hates bill actually in the state this short seller.
Who says Herbalife is appear -- -- okay but this is what he's still he's.
Betting with a lot of money now.
-- GDP change -- Well having this call does that money to -- you know -- were probably ten billion dollars.
But you know you don't -- in this much.
-- purely on hatred and what -- -- this year.
So take that for what it's worth people that are betting on this stock so I would say what they -- Herbalife it is a stock.
That -- heavily traded our viewers to trade stocks.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- So appoint senior state Kurt Karl Icahn he's getting -- Clearly Big -- got a pretty good track record has you know goes back many years.
I -- Steagall act but has been pretty good track record as well but that that's what we are right now it's.
In other stories of folding right at that you -- Tell us about Israel resistance there are of course and let me -- this -- I guess -- telling his.
