MLM Junction

The Central Terminus For News And Information About The MLM And Network Marketing Industries

Tuesday, April 10, 2007

No New Bid For MLM Company Herbalife

Looks like the "on-off" takeover for MLM company Herbalife has been resolved...

Herbalife stock tumbled on Monday after the company ended sale talks with its largest shareholder.

Shares of Herbalife were down $1.79, or 4.4%, to $38.48 in midday trading, after the maker of weight-management and nutrition products halted discussions between its board of directors and Whitney V., L.P. In early February, Whitney extended an all-cash offer of $38 per share to the company.