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A light at the end of the tunnel?
February 26, 2016
By: TOM BRANNA
Editor
Take that, Bill Ackman! Herbalife Ltd. shares posted their biggest intraday gain ever after the company announced talks with the US Federal Trade Commission, a move that could resolve a longstanding dispute over whether it’s a pyramid scheme. Ackman's Pershing Square hedge funds has a big short position on Herbalife. Herbalife, which relies on independent distributors to sell weight-loss shakes and supplements, disclosed in 2014 that it received a civil investigative demand from the...
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