Bill Ackman is about to hold a call defending his position in Valeant Pharmaceuticals.
And ahead of this call, Herbalife, the nutritional supplement company Ackman is famously betting against and has called a pyramid scheme that will see its stock go to $0, just took a massive shot at Ackman.
In a one sentence press release, Herbalife said:
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“I hope Bill Ackman has done more research on Valeant than he did on Herbalife, Target, Borders and JC Penny (sic), ” said Alan Hoffman, executive vice president, global corporate affairs, Herbalife.
Brutal.
Read the full story at Business Insider, by Myles Udland
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