Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York February 11, 2014.  REUTERS/Brendan McDermid

Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York February 11, 2014. REUTERS/Brendan McDermid (Copyright Reuters 2016)

Icahn raises stake in Herbalife

Markets Reuters

Activist investor Carl Icahn has raised his stake in Herbalife Ltd to 23.1 percent as of Nov. 3, according to a regulatory filing on Thursday.

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Icahn had reported a 20.78 percent stake in the company in August. (http://bit.ly/2fjU7ve)

Herbalife said on Tuesday that Chief Executive Michael Johnson would step down next year and be replaced by Chief Operating Officer Richard Goudis, a choice Icahn said he fully supported.

Herbalife's shares were up just over 1 percent in extended trading.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Savio D'Souza)