Bloomberg said in its report that nutrition company Herbalife Ltd attempted to destroy activist investor Bill Ackman's credibility after the latter claimed that the former is running a pyramid scheme.
Pershing Square Capital Management LP
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Pershing Square Capital Management LP's CEO Bill Ackman had agreed with JC Penny Co. on the sale of his entire stake in the company.
Bill Ackman's Pershing Square Capital Management LP announced that they are set to push the company's operations through a US$2 billion investment.
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