March 7, 2013 / 10:37 PM / 4 years ago

Icahn takes a bigger stake in Herbalife

A news headline displaying "Herbalife" is seen under the DowJones electronic ticker at Times Square in New York January 9, 2013.Shannon Stapleton

(Reuters) - Activist investor Carl Icahn increased the size of his stake in Herbalife Ltd (HLF.N) to 15.55 percent, a filing on Thursday showed.

Icahn, who runs Icahn Enterprises (IEP.O), had earlier reported a 13.6 percent stake in the maker of weight loss products.

Under an agreement with the board, Icahn has the right to increase his stake to 25 percent, and put two directors on its board.

Reporting By Martinne Geller in New York

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