Retail
Herbalife Increases Board, Will Add Two Icahn Appointees
Published:
Last Updated:
Icahn and his company, Icahn Enterprises Holdings LP (NASDAQ: IEP) and other related companies currently own about 13.6% of Herbalife’s outstanding shares. Icahn has the right under today’s agreement to expand his ownership to 25% of the outstanding common stock. In exchange, Icahn and his companies have agreed to “certain standstill provisions and to vote their shares in support of all of the Board’s director nominees.”
Herbalife shares had been trading up all day and jumped about another dollar when trading was re-started. Shares are trading at around $49.55, up 5.6%, in a 52-week range of $24.24 to $73.00.
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.