Wednesday / April 14. 2021
menu-logo menu-logo
brand-logo
Subscribe
Subscribe
Wednesday / April 14. 2021
  • Read
    • Daily News
      • Financial
      • Insights
      • U.S.
      • International
    • Cover Stories
    • Feature Articles
    • Company Spotlights
    • Exclusive Interviews
    • Executive Announcements
    • Forward Thinking
    • New Perspectives
    • Working Smart
    • From the Editor
    • Digital Issue
  • Listen & Watch
  • Attend
    • Direct Selling University
    • Global Celebration
  • Achieve
    • Global 100 List
    • CCR Program
    • Best Places to Work
    • Bravo Awards
    • Legends
  • Research
    • Digital Momentum Index
    • Stock Watch
    • Stock Ticker
  • About
    • About DSN
    • Subscribe
    • Advertise
    • Store
    • Connect
Subscribe
search

Herbalife Nutrition Announces Self-Tender Offer

BY DSNstaff | July 13, 2020

Herbalife Nutrition Ltd. announced it has commenced a “modified Dutch auction” self-tender offer.

The offer is to purchase for cash up to $750 million of its common shares at a per share price not greater than $50.00 nor less than $44.75.

The closing price of the company’s common shares on the New York Stock Exchange on July 10, 2020, the last full trading day before the commencement of the tender offer, was $45.64 per share. The tender offer is scheduled to expire at 5:00 PM, EDT, on August 11, 2020, unless the offer is extended.

The company also released preliminary volume point results for the second quarter ending June 30, 2020. 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 compared to the second quarter 2019, representing the largest volume point quarter in company history.

“Coming on the heels of our largest volume point quarter in the company’s history, this tender offer reflects our continued confidence in the business and our long-term strategy,” said John Agwunobi, chairman and CEO of the company. “With our strong cash flows and favorable debt maturity schedule, we believe we can drive future growth and invest in our business while continuing to return value to 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.

For more information about the “modified Dutch auction” tender offer and other details, click here.

 

Related Articles
Beautycounter Becomes Beauty Brand Unicorn in $1 Billion Deal with Carlyle Group

Beautycounter Becomes Beauty Brand Unicorn in $1 Billion Deal with Carlyle Group

Direct Selling Stocks Experience Tough March After Months of Record- Breaking Performance

Direct Selling Stocks Experience Tough March After Months of Record- Breaking Performance

Stella & Dot Rounds Up Sales in New “Always-On Giving Model”

Stella & Dot Rounds Up Sales in New “Always-On Giving Model”

brand-logo
The News You Need.
The Name You Trust.
Subscribe

Breaking global news, emerging trends and powerful stories conveniently curated to help direct selling executives stay informed, engaged and a step ahead.

  • https://www.linkedin.com/company/direct-selling-news-magazine/
  • https://twitter.com/DSNupdate
  • https://www.facebook.com/DirectSellingNews/
  • https://podcasts.apple.com/us/podcast/the-direct-selling-news-podcast/id1552749806
  • Read
  • Listen & Watch
  • Attend
  • Achieve
  • Research
  • About
  • Connect
5800 Democracy Drive Suite 100 Plano, Texas 72024 info@directsellingnews.com
  • https://www.linkedin.com/company/direct-selling-news-magazine/
  • https://twitter.com/DSNupdate
  • https://www.facebook.com/DirectSellingNews/
  • https://podcasts.apple.com/us/podcast/the-direct-selling-news-podcast/id1552749806
Copyright 2021 Direct Selling News | All Rights Reserved
  • Privacy Policy
  • Terms of Use
  • Advertise
  • Subscribe