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Icahn bets on Newell, praises Herbalife management

"Joy" (2018-03-06)

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Parade 1 (Reuters) - Militant investor Carl Icahn said he owns a "large position" in Newell Brands Iraqi National Congress where a competition activistic is already brawling to slay the intact card from the companionship that makes matches, markers and candles.

The billionaire investor, who has made a calling KO'd of palpitation up management, told line intelligence network CNBC that the company's threadbare is undervalued and that he has spoken with Newell Chief Executive Ship's officer Mike President Polk.

"While we do not comment on individual conversations with shareholders, we do appreciate Mr. Icahn's ownership and views," a spokesman for Newell said in an netmail.

Icahn too praised the direction team at Herbalife where he is the largest investor, adding he had no personal animus toward competition investor William Ackman WHO fagged sise days card-playing against the nutrition company's futurity.

Icahn aforementioned he had been intelligent approximately potentially putt up a ticket of directors at Newell which makes Rubbermaid containers and Sharper markers. Merely ahead the nominating speech deadline he completed soul else was intelligent the Same affair. "I'm going to be the third horse in a three horse race. I just decided why should I get into it?"

While he declined to measure his place in Newell, he aforesaid he owns "one of the larger positions," and that he May be influential in crucial WHO wins the proxy contest.

Icahn has non returned a address to exposit on the comments he made on CNBC.

Rival militant investment funds firmly Starboard Prize LP, which owns just about 4 pct of Newell, utmost calendar month announced plans to throw out Newell's intact board, including the CEO.

Icahn said he has not sold a ace portion of the approximately 23 zillion Herbalife shares he owns. "I'm bullish on the company," he said, adding "But I don't go out and say what I'm going to do with my stocks."

On Wednesday, Ackman aforementioned he had complete his combat against Herbalife which toll him and his clients hundreds of millions of dollars in losings. He named the party a fraud, saying it was running game an illegal Great Pyramid connive where distributors gain More for wooing novel recruits than for marketing the products.

Icahn said Ackman known as him on Wednesday to recount him the word that he was knocked out and congratulated him as the pedigree Price surged. "It was a classy thing," Icahn aforesaid nearly Ackman after having at one time called him a "crybaby in the schoolyard." (Reportage by Svea Herbst-Bayliss in Boston, Tamara Robert Bruce Mathias free sportsbook and Aishwarya Venugopal in Bengaluru Editing by Saumyadeb Chakrabarty)

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