$HLF Hires Bankers, Delays Ackman Showdown

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The embattled health-supplements seller, which has received Ackman’s scrutiny for its multi-level marketing sales arrangement, also said in a Monday press release that it has yet to use $950 million of a $1 billion share-repurchase program authorized by its board because of “trading blackout period restrictions.”

The statement may address analyst questions on why Herbalife had been hesitant to launch a large buyback to flush out Ackman’s short trade. Herbalife now says it expects to exceed its previously announced quarterly guidance of $50 million in share buybacks in coming quarters.

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One Response to “$HLF Hires Bankers, Delays Ackman Showdown”

  1. what a take-down for his y/e performance enhancement … epic-ly done

Comments are closed.
Previous Posts by RaginCajun

$HLF Hires Bankers, Delays Ackman Showdown

184 views

The embattled health-supplements seller, which has received Ackman’s scrutiny for its multi-level marketing sales arrangement, also said in a Monday press release that it has yet to use $950 million of a $1 billion share-repurchase program authorized by its board because of “trading blackout period restrictions.”

The statement may address analyst questions on why Herbalife had been hesitant to launch a large buyback to flush out Ackman’s short trade. Herbalife now says it expects to exceed its previously announced quarterly guidance of $50 million in share buybacks in coming quarters.

Full Article

One Response to “$HLF Hires Bankers, Delays Ackman Showdown”

  1. what a take-down for his y/e performance enhancement … epic-ly done

Comments are closed.