Hints and tips:
...San Francisco-based ValueAct has an approximately $2bn stake in the company, which it began acquiring in 2006, and fund partner Mason Morfit has been on the board since 2007....
...The CNBC interview was sparked by Mr Ackman’s recent attack on Herbalife, which he has called a fraudulent pyramid scheme as part of a billion-dollar bet against the value of the nutritional supplement direct...
...The FT’s San Francisco correspondent reports that surfers in northern California are unfazed by high tide warnings....
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