Herbalife (HLF) Bars Ackman From Attending Today's Meeting - Gasparino
Tweet
Share
E-mailGet Alerts HLF Hot Sheet
Price: $12.02 -2.12%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.8%
Revenue Growth %: +0.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.8%
Revenue Growth %: +0.8%
Join SI Premium – FREE
Will Pershing Square's Bill Ackman show up at the Herbalife (NYSE: HLF) meeting today?
According to Fox Business Network's Charles Gasparino, no. Herbalife said Ackman "isn't an investor." Anyway, Gasparino notes that Ackman is on a scuba diving trip in Burma.
Herbalife is also said to be paying attorney David Boies a "substantial" retainer in the eight-figure range. Boies will be reviewing Ackman's claims that Herbalife is a "pyramid scheme."
Shares of Herbalife are up 3.4 percent early Thursday.
According to Fox Business Network's Charles Gasparino, no. Herbalife said Ackman "isn't an investor." Anyway, Gasparino notes that Ackman is on a scuba diving trip in Burma.
Herbalife is also said to be paying attorney David Boies a "substantial" retainer in the eight-figure range. Boies will be reviewing Ackman's claims that Herbalife is a "pyramid scheme."
Shares of Herbalife are up 3.4 percent early Thursday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Saudi Arabia Oil Pipeline Struck By Projectiles Thursday - CNN
- CDC Says Cyclospora Outbreak Linked To Iceberg Lettuce Is Over
- Equity risk premium falls to 2002 levels. What it means for stocks
Create E-mail Alert Related Categories
Hedge Funds, Trader TalkRelated Entities
William Ackman, Charles Gasparino, Pershing Square CapitalSign 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!
