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Herbalife Turning A New Leaf While An Old Opponent Folds His Tent

This article was originally published in The Rose Sheet

Executive Summary

Direct seller Herbalife has a new capital allocation strategy and will ask shareholders for a new name and two-for-one split of its stock. It also has lost an old opponent as hedge fund manager and activist investor William Ackman sheds his investment that would have paid off if Herbalife had gone under.
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