It certainly came across to me that Icahn and Soros were investing against Ackman, rather than for Herbalife. Moreover, they almost appear to have 'won' - witho

It certainly came across to me that Icahn and Soros were investing against Ackman, rather than for Herbalife. Moreover, they almost appear to have 'won' - without further investigation, from this article it sounds like Icahn's investment gave a stable floor to the stock price (despite several subsequent sizable fluctuations), and without that Ackman's activism may well have driven Herbalife much further down. (I doubt he would have driven it out of business entirely - at some price it would have become a very juicy acquisition target for private equity.)