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Sale To Icahn Off Table, Herbalife Tenders $600m Share Repurchase

This article was originally published in The Rose Sheet

Executive Summary

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.

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