- Reuters•5 hours ago
After U.S. multi-level marketing company Herbalife (HLF.N) settled a probe of its sales practices with the U.S. Federal Trade Commission last month, top executives assured investors that the company would be able to thrive under the new rules. Billionaire investor William Ackman in 2012 claimed the company was running a pyramid scheme, recruiting members with a promise of payment for enrolling others in distribution, rather than depending on the actual sale of its nutritional supplements and weight management products. In its July 15 settlement Herbalife agreed to restructure its U.S. business so distributors are rewarded for sales rather than for recruitment of sales agents and it agreed to pay a $200 million fine.
Sources tell CNBC Carl Icahn may have been interested in exiting his Herbalife position earlier in August, but only for the right price.
Herbalife Ltd. (HLF)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||62.92 x 1100|
|Ask||63.00 x 300|
|Day's Range||57.10 - 60.57|
|52wk Range||42.26 - 72.22|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||20.73|
|Avg Vol (3m)||2,116,192|
|Dividend & Yield||0.00 (0.00%)|