Herbalife (HLF) Enters $427.9M Common Repurchase Agreement
Tweet
Share
E-mailGet Alerts HLF Hot Sheet
Join SI Premium – FREE
Herbalife Ltd. (NYSE: HLF) entered into an agreement with Merrill Lynch International to repurchase $427.9 million of Herbalife's common shares. This will complete its current $1 billion buy back authorization.
Under the terms of the repurchase agreement, Herbalife will pay $427.9 million on May 4, 2012 from the Company’s cash on hand and from borrowings under the Company’s senior secured revolving credit facility and will receive a portion of the shares on a pre-determined date and the remainder upon completion of the program.
Under the terms of the repurchase agreement, Herbalife will pay $427.9 million on May 4, 2012 from the Company’s cash on hand and from borrowings under the Company’s senior secured revolving credit facility and will receive a portion of the shares on a pre-determined date and the remainder upon completion of the program.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Boeing names Ryan Shedd as new SVP and controller
- Home Depot expands executive roles, grants $500K in restricted stock
- Lazard Global Total Return fund declares $0.1534 monthly distribution
Create E-mail Alert Related Categories
Corporate News, Stock BuybacksSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
