|About: Herbalife Nutrition Ltd. (HLF)|By: Douglas W. House, SA News Editor
Herbalife Nutrition (NYSE:HLF) announces the results of its $750M "modified Dutch auction" self-tender offer to purchase its outstanding common stock at prices between $44.75 and $50.00.
37.9M shares were tendered. The company expects to buy ~15.4M shares at $48.75, including 14.7M shares held by investor Carl Icahn, according to Street Insider.
Yesterday's close was $49.08.
