Herbalife (HLF) to Hold Analyst, Investor Meeting on Jan. 10th; Will Exceed Buyback Authorization
* Comprehensive response to investor questions on its business model;
* Regulatory perspectives;
* Update on the business and strong growth prospects.
Due to trading blackout period restrictions, the company noted that it has yet to utilize the $950 million remaining on its existing $1 billion share repurchase authorization. The company said that it now expects to exceed its previously announced quarterly guidance of $50 million of the repurchase authorization in upcoming quarters.
Herbalife noted that it has retained Moelis & Company as its strategic advisor.
Invitations will be distributed to analysts and investors. The presentation will be simultaneously webcast via the investor relations section of the company’s website at http://ir.herbalife.com.