Herbalife ups ante in battle with Ackman
The nutritional supplements company registers 3 domain names that indicate it's ready to go on the offensive against the hedge fund manager.
Nutritional supplements company Herbalife (HLF) may be planning a counter-offensive against hedge fund manager Bill Ackman, whose Pershing Square Capital Management is betting against it with a significant short position.
Herbalife has bought three domain names that hint at its plans, reports the New York Post. Those domain names are "therealbillackman.com," "billackman.net" and "therealackman.net." So far, there aren't any websites associated with the domain names.
Herbalife has already been in an online battle of sorts with the hedge fund manager. That's because Ackman's paid search-engine advertisement for his site "factsaboutherbalife.com" is at the top of Google's (GOOG) rankings when one runs an "Herbalife" search.
Clicking on Ackman's paid ad takes readers to a website that features third-party links and videos about Herbalife, such as reports from CNBC. The site also prominently displays a definition of "pyramid scheme," a characterization from Ackman that Herbalife has been battling.
Ackman wasn't pleased with Herbalife's move.
"Herbalife shareholders should ask themselves what legitimate company would do this,” he told the Post.
Herbalife has also sparked battles between Ackman and two other investors, Carl Icahn and fellow hedge-fund manager Daniel Loeb.
Loeb countered Ackman's short stake by buying stock in the multi-level marketer, while on Friday Icahn and Ackman duked it out on live television, with Herbalife at the center of the battle of the billionaires.
Icahn said he didn't respect Ackman, calling him "the crybaby of the school yard," while Ackman said Icahn is "a guy who takes advantage of little people."
An Herbalife representative didn't respond to a request for comment, the Post notes.
The more basic "Billackman.com" domain name has been unavailable since 2007, when an Illinois man registered the name. He's asking $10,000 for the domain, but Ackman told the Post he's not interested in paying up for the rights to his own name.
More on moneyNOW
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Trending NOW
- 1.gld
- 2.men's wearhouse
- 3.spy
- 4.nugt
- 5.euro to dollar
- 6.nok
- 7.spx
- 8.vix
- 9.djia
- 10.msft
About moneyNOW
MoneyNOW brings users smart, original and entertaining takes on the latest business and investing topics that are buzzing on the Web.
RECENT POSTS
While caffeine unquestionably improves focus, it blocks the ability to let the mind wander and form original ideas.
- Western wildfires raise the question of who pays
- 'The Wolf of Wall Street' is set to prowl again
- What vintage aircraft fly on: Donations, enthusiasm
- Obamacare surprise: Young people want coverage
- Urban Outfitters pulls drug-themed gear
- Donald Trump rakes in millions selling name to world
- EA's Simpsons game triggers gun fans' ire
- George Zimmer vs. Men's Wearhouse over firing
- New $25,000 rifle is fully loaded -- and then some
MARKET UPDATE
[BRIEFING.COM] Equities ended on their lows with the S&P 500 down 1.4%.
The S&P entered today's session with a week-to-date gain of 1.5% as investors expected reassuring words from today's Federal Open Market Committee Statement.
Stocks traded with slim losses until this afternoon's FOMC Statement and subsequent comments from Chairman Bernanke sent equities and Treasuries to their lows while also providing a significant boost to the dollar.
Today's Statement was ... More
More Market News
TOP STOCKS
Stocks sag as the Fed chairman says a stronger economy may let the central bank start to end its bond-buying program late this year. But Bernanke sees low rates lasting into 2015.
MSN MONEY'S
- Shared
- Commented
- Viewed



