Herbalife Nutrition to execute self-tender at $52.50; shares down 7% premarke
Published: May 25, 2018

Herbalife Nutrition to execute self-tender at $52.50; shares down 7% premarket

Herbalife Nutrition (NYSE:HLF) slips 7% premarket on the heels of its announcement that almost 50M shares have been offered in its Dutch auction self-tender at or below $52.50.
The company expects to purchase ~11.4M shares at $52.50 in cash for a total of ~$600M.