Bill Ackman Is Said to Cede Herbalife Fight, Ending 5-Year Saga

One of the longest and most colorful battles in Wall Street history is over.

Bill Ackman has almost entirely exited his position in Herbalife Ltd., ending a short-selling campaign that lasted more than five years, according to a person familiar with the matter. The move follows a steady rise in the shares of a company that he repeatedly called an illegal pyramid scheme and vowed to destroy.

Ackman had already signaled that he was stepping back from his fight against Herbalife, which sells...

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

#hashtags to follow:

Wall Street [+]    Bill Ackman [+]    Herbalife Ltd [+]    Ackman [+]    Herbalife [+]   

More #news: