|Bid||103.48 x 200|
|Ask||103.55 x 200|
|Day's Range||101.64 - 104.14|
|52 Week Range||60.71 - 104.97|
|PE Ratio (TTM)||40.18|
|Earnings Date||May 3, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||101.00|
CNBC's "Fast Money Halftime Report" Host Scott Wapner recalls the epic battle between billionaires Carl Icahn and Bill Ackman in his new book, "When the Wolves Bite."
CNBC's Scott Wapner, "When the Wolves Bite" author, talks about the brawl between billionaires Carl Icahn and Bill Ackman on CNBC's "Fast Money Halftime Report."
Herbalife Ltd. shares ticked slightly higher in the extended session Tuesday after the nutrition products company said it was splitting its stock and changing its name. Herbalife shares rose 0.3% after hours, following a 0.3% decline to close the session at $102. The company said it was changing its name to "Herbalife Nutrition Ltd." and announced a 2-for-1 stock split.
Herbalife Ltd. today announced its name change to “Herbalife Nutrition Ltd.”, as approved by shareholders at its annual general meeting of shareholders. The evolution of the Company’s name reflects the investments Herbalife Nutrition has made to become a leader in the nutrition industry, and its commitment to making the world healthier and happier.
Herbalife Ltd. (HLF.N) commissioned a secret report to understand what made activist investor William Ackman tick as he accused the company of being a fraud and bet its share price would collapse to zero, a new book shows. Nearly two years after Ackman first began researching his $1 billion short-bet against Herbalife, the nutrition company paid $100,000 in 2014 for a 30-page dossier to help management understand and then react to its adversary, television journalist Scott Wapner wrote. Ackman alleged in public presentations that the company was running an illegal pyramid scheme where members were paid more to recruit new people than for selling the actual product and said many times that the stock price would tumble to zero once the government investigated.
By Svea Herbst-Bayliss NEW YORK (Reuters) - Herbalife Ltd. commissioned a secret report to understand what made activist investor William Ackman tick as he accused the company of being a fraud and bet its share price would collapse to zero, a new book shows. Nearly two years after Ackman first began researching his $1 billion short-bet against Herbalife, the nutrition company paid $100,000 in 2014 for a 30-page dossier to help management understand and then react to its adversary, television journalist Scott Wapner wrote. Ackman alleged in public presentations that the company was running an illegal pyramid scheme where members were paid more to recruit new people than for selling the actual product and said many times that the stock price would tumble to zero once the government investigated.
For the better part of the previous hour, investing titans Carl Icahn and Bill Ackman had hurled insults at each other on live TV – my CNBC program — bringing trading to a near standstill in what some would call the greatest moment in the history of financial television. It would go on to become one of the biggest battles Wall Street had ever seen — a fight to the finish with the multilevel marketing company Herbalife HLF caught in the middle. Ackman had massively shorted the stock, a billion-dollar bet that came with a bold claim.
Hedge fund manager Bill Ackman and his team had spent months preparing for the takedown of Herbalife HLF – preparing hundreds of slides for the presentation which was now only days away. Herbalife had no idea what was coming. Then CEO Michael Johnson had helped build the business into a fast-growing juggernaut.
Ackman and his firm, Pershing Square Capital Management, wreaked havoc on the nutritional supplement company back in December 2012, betting a whopping $1 billion against Herbalife on the grounds that it was an illegal pyramid scheme that preyed on low-income people and minority groups. According to an excerpt from the forthcoming book "When the Wolves Bite: Two Billionaires, One Company, and an Epic Wall Street Battle" by Scott Wapner, cited by CNBC, Johnson ordered a top-secret report on his enemy.
In this excerpt from his new book, Scott Wapner takes you inside one of the biggest battles Wall Street has ever seen.
Shares of Herbalife Ltd. rallied 1.1% in premarket trade Wednesday, after the nutrition company said it commenced a self-tender offer to buy back up to $600 million worth of its shares. The tender offer is scheduled to expire on May 16, at 5:00 p.m. ET, barring an extension. "The company believes that the repurchase of shares pursuant to the tender offer is consistent with its long-term goal of maximizing shareholder value," Herbalife said in a statement.
Herbalife Ltd. (HLF) (“Herbalife” or “the Company”) announced today it has commenced a “modified Dutch auction” self-tender offer to purchase in cash up to an aggregate $600 million of shares of its common stock at a per share price not greater than $108.00 nor less than $98.00 (the “tender offer”). The closing price of Herbalife’s common shares on the New York Stock Exchange on April 17, 2018, the last full trading day before the commencement of the tender offer, was $103.02 per share. The tender offer is scheduled to expire at 5:00 P.M., New York City time, on May 16, 2018, unless the offer is extended.
Herbalife Ltd (NYSE:HLF) is trading with a trailing P/E of 37.3x, which is higher than the industry average of 21.4x. While HLF might seem like a stock to avoid orRead More...
MALAYSIA, Kuala Lumpur, April 16, 2018 /PRNewswire/ -- With the purpose of making the world healthier and happier, premier global nutrition company, Herbalife, today officially launched its first Asia Pacific Shared Services Center (SSC) in Kuala Lumpur, Malaysia. Occupying two floors of Horizon 2 in the Bangsar South enclave of Kuala Lumpur, the new SSC is the fifth such center to be launched globally as part of Herbalife's Global Business Services Centers (GBSC) strategy, housing over 100 employees to support the growing demand for nutrition in the Asia Pacific region, and around the world.
HONG KONG, April 11, 2018 /PRNewswire/ -- As a Company whose purpose is to make the world healthier and happier, global nutrition company, Herbalife, released today findings from its Asia Pacific Healthy Breakfast Survey, which uncovered insights into the breakfast attitudes and consumption habits among consumers in the region. "I am glad to see that most Asia Pacific consumers are aware of the importance of eating breakfast. At Herbalife we believe that there are many benefits of eating a healthy breakfast daily.
Global nutrition company, Herbalife Ltd. will release its first quarter 2018 financial results after the close of trading on the NYSE on Thursday, May 3, 2018. The same day, at 5:30 p.m.
Nike Inc (NYSE:NKE) provided a staggering market with some much-needed support. Last week, The Dow Jones Industrials average suffered its fifth-worst point loss in history, plummeting more than 700 points. So, it came as great relief for the market when Nike stock moved higher Friday.