The Way To Connect With Direct Selling Industry

The Way To Connect With Direct Selling Industry

A Modified Dutch Auction self-tender offer announced by Herbalife Nutrition Ltd.

A modified Dutch auction self-tendered offer was commenced after an announcement made by Herbalife Nutrition Limited.

According to the offer, purchase for cash up to, $750 million of its common share at a per-share price neither greater than $50 nor less than $44.75.

The tender offer will expire by August 11, 2020, at 5:00 PM, EDT, unless the offer is extended. Whereas the closing price of the company’s shares on the New York Stock Exchange on the 10th of July’20 was $54.64 per share.

Preliminary volume point results for the second quarter ending June 30, 2020, had also been released by the company. Based on preliminary and unaudited information, the company expects second-quarter 2020 volume points of approximately 1.7 billion, an increase of 12.4 percent when compared to the second quarter 2019, representing the largest volume point quarter in company history.

Chairman and CEO of the company, Mr. John Agwunobi says the tender offer reflects the company’s continued confidence in business and it is their long term strategy as this is their coming largest volume point quarter in company’s history. He also believes that with Herbalife’s strong cash flows and favorable debt maturity schedule, they will be able to drive future growth along with investing in their business while continuing to pay back the return value to their shareholders.

The tender offer will be made under the company’s $1.5 billion share repurchase program announced on October 30, 2018, substantially all of which remains available prior to this tender offer.

Share:

Share on facebook
Share on google
Share on twitter
Share on linkedin
Related Company

Recommended People

Related People

Related News

Register to MLMEYE
    •  
      Strength indicator
  •  
  •  

    Forgot Password

Share on facebook
Share on whatsapp
Share on google
Share on linkedin
Share on email
Share on twitter
Share on pinterest

You must be logged in to see people lisitng. You may also register for an account.

Edit Your Profile
Please login to update your profile!