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Carl Icahn
Carl Icahn
(Michael Nagle/2006 Getty Images)

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Icahn grabs two seats on Herbalife board

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In the latest twist of the Herbalife saga, the multi-level marketing company said it has reached an agreement with billionaire investor Carl Icahn after he increased his stake in the company from 12.8 per cent to 13.6 per cent.

The deal will see Herbalife increase the size of its board and nominate two Icahn representatives.