Good for Herbalife investers, hard times for Herbalife distributors?
Dietary supplements marketer Herbalife received a $38-a-share offer from private-equity firm Whitney & Company - who already own 27 percent of its stock – and Monday the company’s shares had already inched up to $40.12.
The global direct marketing company sells weight-management, nutritional supplements and personal care products in 62 countries via a network of more than one million independent distributors. The original buyout offer represents approximately $2.7bn – an offer that has been reported to be too low.
Michelle on July 11th, 2007 at 12:21 am
What does this mean? Will Herbalife be taken over? What does this mean to the distributors and network around the world?