Breaking News from CNBC's Scott Wapner: George Soros Takes Large Long Position in Herbalife -- Sources
WHEN: TODAY, WEDNESDAY, JULY 31ST
WHERE: CNBC'S "SQUAWK ON THE STREET"
Following is the unofficial transcript of breaking news from CNBC's Scott Wapner. All references must be sourced to CNBC.
SCOTT WAPNER: WELL THE BATTLE FOR HERBALIFE HAS JUST GOTTEN A WHOLE LOT MORE INTERESTING, CARL. I CAN REPORT,ACCORDING TO SOURCES, THAT GEORGE SOROS IS TAKING A LARGE LONG POSITION IN HERBALIFE. IT IS SAID TO BE ONE OF HIS TOP THREE POSITIONS. THE OFFICIAL WORD FROM SOROS IS NO COMMENT, BUT IT CERTAINLY AMPS UP THE BATTLE THAT HAS BEEN GOING ON AS BILL ACKMAN HAS HIS BIG SHORT POSITION OF COURSE TELLING CNBC THIS MORNING THAT HE HAS NOT COVERED A SINGLE SHARE OF THAT. WE KNOW ABOUT CARL ICAHN'S LONG POSITION. THE COMPANY WAS OUT WITH EARNINGS JUST RECENTLY. THE STOCK HAS SHOT UP HIGHER AS A RESULT OF THAT. AS YOU CAN SEE ON NEWS OF THIS,HERBALIFE SHARES ARE UP NEARLY TEN PERCENT ON THE DAY. JUST ABOUT 66 BUCKS.RIGHT THERE – 65 AND CHANGE. BUT AGAIN, THE NEWS HERE, GEORGE SOROS TAKING A LARGE LONG POSITION IN HERBALIFE. SAID TO BE ONE OF HIS TOP THREE.
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