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Home>As Part of Herbalife Nutrition’s Self-Tender Offer, the Company Updates Guidance for Third Quarter 2017 Earnings

As Part of Herbalife Nutrition’s Self-Tender Offer, the Company Updates Guidance for Third Quarter 2017 Earnings

As Part of Herbalife Nutrition’s Self-Tender Offer, the Company Updates Guidance for Third Quarter 2017 Earnings

10/03/2017

As Part of Herbalife Nutrition’s Self-Tender Offer, the Company Updates Guidance for Third Quarter 2017 Earnings

Herbalife Ltd. (NYSE: HLF) (“Herbalife” or “Company”), today announced updated guidance for the Company’s third quarter 2017 financial results in order to provide shareholders with the most current information.

On August 21, 2017, the Company announced it had commenced a "modified Dutch auction" self-tender offer to purchase for cash up to an aggregate of $600 million of shares of its common stock, at a per share price not less than $60.00 nor greater than $68.00. Additionally, for each share tendered, shareholders will also receive a non-transferable contractual contingent value right (“CVR”) allowing participants in the tender offer to receive a contingent cash payment should Herbalife be acquired in a going-private transaction within two years of the commencement of the tender offer.

The tender offer is currently scheduled to expire at 5:00 p.m. New York City time on Thursday, October 5, 2017. In order to assist shareholders in determining whether to participate in the tender offer, and if so, how many shares they may wish to tender at prices between $60.00 and $68.00 per share, the Company is providing updated financial guidance in this release as well as updated risk factors and other information in a Form 8-K filed today. This updated guidance is appropriate in light of the self-tender offer.

Updated Third Quarter 2017 Guidance

Based upon current information, updated third quarter 2017 guidance is reflected in the following chart:

  Three Months Ended
September 30, 2017

Low

 

High

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