Herbalife (HLF) Bars Ackman From Attending Today's Meeting - Gasparino
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Price: $12.09 -0.9%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.8%
Revenue Growth %: +4.0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.8%
Revenue Growth %: +4.0%
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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.
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William Ackman, Charles Gasparino, Pershing Square CapitalSign up for StreetInsider Free!
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