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.

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