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Herbalife Acquisition Completed

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By: Sean Moloughney

Editor, Nutraceuticals World

Herbalife Acquisition Completed
An investor group led by private equity firms Whitney & Co., San Francisco, CA, and Golden Gate Capital, San Francisco, CA, in partnership with Herbalife distributors and senior management, has completed the acquisition of Herbalife International. As a result of the transaction, which was approved by stockholder vote, including the support of the Mark Hughes Family Trust, Herbalife stockholders will receive $19.50 in cash for each share of Herbalife Class A and Class B common stock. The transaction is valued at approximately $685 million.

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