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Herbalife to repurchase 10% of outstanding stock in self-tender transaction

Seeking Alpha
Herbalife to repurchase 10% of outstanding stock in self-tender transaction

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

Herbalife Nutrition (NYSE:HLFannounces 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.

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