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Herbalife sees big jump in Q2 volume points, highest on record

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Herbalife sees big jump in Q2 volume points, highest on record

|About: Herbalife Nutrition Ltd. (HLF)|By: , SA News Editor 

 

On a preliminary basis, Herbalife (NYSE:HLF) expects ~1.7B volume points, up 12.4% from a year ago and the largest volume point quarter in its history.

 

The biggest jumps occurred in North America (+38.5%), EMEA (Europe, Middle East, Africa) (20.9%) and China (+17.7%).

 

On another note, it has launched a self-tender offer for up to $750M of its common shares at per-share prices of $44.75 - 50.00. The offer will expire at 5:00 pm ET on August 11 unless extended.

 

Shares up 5% premarket on light volume.

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