Whitney and Herbalife
This article was originally published in The Tan Sheet
Whitney V L.P. proposes an acquisition of all of Herbalife's outstanding common stock for $38 per share in cash, according to a Feb. 2 Herbalife release. Herbalife says Whitney and its related parties own an aggregate of approximately 27% of Herbalife's outstanding common stock. The Los Angeles-based firm established a special committee to examine the acquisition proposal. "The special committee has not determined that a transaction is in the best interests of Herbalife and its stockholders or that Herbalife should not continue as an independent public company." The firm also says there is "no assurance" Herbalife will enter this or any other transaction...
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