Icahn’s projects continue to falter after the short Hindenburg report, and Bill Ackman’s response
Washington (AFP) – The business empire of institutional adventurer and activist investor Carl Icahn continues to crumble amid fallout after a recent short-selling report from Hindenburg Research — and losses accelerate as a longtime rival repeats the company’s claims. In the report, published May 2, Hindenburg alleged that Icahn firms use inflated asset valuations. The …