CNBC Breaking News Exclusive: Billionaire Investor Carl Icahn Speaks To CNBC's Scott Wapner

When, Today, Thursday, February 14th

Where: CNBC's "Fast Money"

In a CNBC EXCLUSIVE, following is the unofficial transcript of breaking news from CNBC's Scott Wapner. Following is a linkto the video of the interview on CNBC.com: http://video.cnbc.com/gallery/?video=3000148172


Additionally, Scott Wapner will speak with billionaire investor Carl Icahn in a CNBC EXCLUSIVE interview tomorrow on "Fast Money Halftime Report" (M-F, 12-1pm ET).

All references must be sourced to CNBC.

MELISSA LEE: WE'VE GOT BREAKING NEWS REGARDING CARL ICAHN IN A NEW STAKE IN HERBALIFE. LET'S GO TO SCOTT WAPNER WHO JOINS US ON THE FASTLINE. SCOTT?

SCOTT WAPNER: MELISSA, THANKS SO MUCH. I GUESS IT IS MY UNDERSTANDING NOW THAT THE 13D HAS BEEN RELEASED BY CARL ICAHN AND IT DOES SHOW THAT HE HAS TAKEN A 12.98 PERCENT STAKE IN HERBALIFE. THAT'S 14 MILLION SHARES. MR. ICAHN TELLING ME JUST A SHORT TIME AGO OVER THE TELEPHONE THAT HE HAS DONE A GREAT DEAL OF RESEARCH ON THIS COMPANY, THAT HE DOES NOT MAKE AN INVESTMENT LIKE THIS LIGHTLY, THAT HE HAS SPOKEN WITH THE CEO OF HERBALIFE, MICHAEL JOHNSON, SEVERAL TIMES AND THINKS THAT HE IS DOING AN EXCELLENT JOB. HE ALSO WENT ON TO SAY THAT BILL ACKMAN IS COMPLETELY OFF BASE IN WHAT HE HAS BEEN SAYING ABOUT HERBALIFE, SO THIS IS REALLY GUYS, GAME ON NOW. THIS IS REALLY BILL ACKMAN VERSUS CARL ICAHN FOR REAL AS CARL ICAHN IS MAKING A BET THAT HERBALIFE IS IN FACT THE LEGITIMATE BUSINESS THAT HE BELIEVES IT IS AND THAT IT IS NOT A PYRAMID SCHEME THAT BILL ACKMAN HAS ALLEGED EVER SO PUBLICLY. I SHOULD ALSO TELL YOU THAT YOU KNOW OBVIOUSLY IN SOMETHING LIKE THIS THERE ARE SO MANY QUESTIONS THAT REMAIN AND CARL ICAHN IS GOING TO COME ON OUR SHOW AT NOON TOMORROW, SOMETIME BETWEEN TWELVE AND ONE O'CLOCK WHERE WE WILL BE ABLE TO ASK HIM DIRECTLY MORE OF THE THOUGHT PROCESS BEHIND THIS INVESTMENT, WHAT HE PLANS TO HAVE HAPPEN. BUT WE CAN ALL READ WHAT WAS IN THE 13D AND SURMISE SORT OF WHERE THINGS ARE GOING FROM HERE, BUT AT LEAST NOW WE KNOW THAT CARL ICAHN BELIEVES IN HERBALIFE AND HE NOT ONLY BELIEVES IT, HE IS PUTTING HIS MONEY WHERE HIS MOUTH IS BY TAKING THAT 12.98 PERCENT STAKE IN THE COMPANY. AND AGAIN THE NUMBER OF SHARES THAT I JUST TOLD YOU 14 MILLION SHARES. 12.98 PERCENT. CARL ICAHN JOINING ME LIVE IN AN EXCLUSIVE ON CNBC TOMORROW BETWEEN NOON AND ONE, MELISSA.


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