Los Angeles Business Journal

Loeb Exits Herbalife Fight

Thursday, May 16, 2013

Activist investor Daniel Loeb‘s Third Point LLC has sold off its widely publicized stake in L.A.'s Herbalife Ltd., the Wall Street Journal reports, even as a study of analyst recommendations at major brokerages shows that Herbalife is a top pick among stocks screened for strong stock buyback activity, Forbes says.