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
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.
The good news: Bad weather means fewer drivers on the road, and they're going slower than usual. The bad news: It's still dangerous.
- 8 questions to ask before Mom and Dad move in
- High deductibles fuel new worries of Obamacare sticker shock
- How to use your credit card to donate to charity
- Try this instead of raising the minimum wage
- People left $500,000 in coins at airports last year
- How your driving can affect your credit
- Obamacare projected to cost hundreds of billions less
- November jobs report: Winners and losers
- Student loan debt climbs for 5th year in a row
[BRIEFING.COM] There wasn't a lot of excitement in the stock market today and there is nothing wrong with that. After rallying in broad-based fashion on Friday, the major indices stood their ground (for the most part) amid a lack of conviction from buyers and sellers alike.
Today wasn't a case so much of the stock market going up as it was a case of some influential stocks going up to keep the major indices on a winning path. In fact, decliners were just about even with ... More
More Market News
The photo-sharing site only has 10 employees, and it may be up for grabs.