Herbalife Nutrition Ltd. has commenced a “modified Dutch auction” self-tender offer to purchase up to $750 million of its common shares for cash at a per-share price not greater than $50.00 nor less than $44.75. The tender offer is scheduled to expire at 5:00 p.m., EDT, on Aug. 11, unless the offer is extended. The company also released preliminary volume point results for the second quarter ending June 30. Based on preliminary information, the company expects second-quarter 2020 volume points of approximately 1.7 billion, an increase of 12.4 percent compared to the second quarter 2019, representing the largest volume point quarter in company history.
Herbalife Nutrition Announces Strong Cash Flow
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