Sale To Icahn Off Table, Herbalife Tenders $600m Share Repurchase
This article was originally published in The Rose Sheet
Herbalife commences a $600m share repurchase after discussion with Carl Icahn to take the company private ended. The move intensifies the battle between Icahn and Bill Ackman, who has bet $1bn that the direct sales firm will fail.
You may also be interested in...
Omega Protein has new home at Canadian aquaculture firm; Herbalife on target with buy-back tender volume, price; and MET-Rx scores Bellinger for promotions.
$1.45m loan tees up Herbalife share repurchase; Tieraona Low Dog is Vitamin Shoppe's "chief wellnbeing ambassador"; Supplement OWL accepting label input; and more news in brief.
Herbalife is the focus of a Securities and Exchange Commission investigation into anti-corruption compliance in the firm’s China business, the company reported in a Jan. 20 regulatory filing. An analyst covering the stock believes the investigation will have little impact on growth.