MLM Company USANA Under Fire After Earnings Call
The "Fraud Discovery Institute" kept up it's campaign against MLM company USANA Health Sciences after a recent earnings call hosted by the company.
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Herbalife shares dropped Friday after a buyout rejection worried investors expecting a higher bid.
Shares of Herbalifeslimmed 77 cents, or 1.9%, to $39.50, after the company said an offer from private-equity firm Whitney V was too low. The drop after the rejection came even though shares would only be worth $38 if the deal was accepted.
Editor's Note: I posted this news previously but the Forbes article adds some detail.