Custom Search

Thursday, February 28, 2013

Icahn reps to get two board seats on Herbalife

And once again, the FREE MONEY pick, touting HLF and advertised this morning six hours before the opening was FREE MONEY for the taking.

The Press release and the squeeze on Ackman today continues!!
Herbalife (HLF) today announced that it has reached an agreement with Carl C. Icahn, Icahn Enterprises Holdings L.P. and certain related entities (collectively the “Icahn Parties”), which beneficially own, in the aggregate 14,015,151 shares of Herbalife common stock, representing approximately 13.6% of the Company’s outstanding shares. As part of the agreement, Herbalife will increase the size of its Board of Directors from nine to eleven members immediately before the 2013 Annual General Meeting of Shareholders (“the Annual Meeting”). Herbalife’s Board of Directors will nominate two individuals to the Company’s Board of Directors, designated by the Icahn Parties and approved by the Company’s Nominating and Corporate Governance Committee.
Under the terms of the agreement, the Icahn Parties have agreed to, among other things, abide by certain standstill provisions and vote their shares in support of all of the Board’s director nominees. The Icahn Parties have the right to increase the size of their ownership position in Herbalife up to 25% of the outstanding common stock. A copy of the agreement with further detail will be attached to a Current Report on Form 8-K to be filed by Herbalife with the Securities and Exchange Commission.
“We are pleased to have reached this agreement and look forward to working with the Icahn representatives as members of our Board of Directors,” said Michael O. Johnson, chairman and chief executive officer of Herbalife. “We appreciate the Icahn Parties’ shared views on the inherent value of Herbalife’s operations, products and future prospects.”
“Over its long history, Herbalife has proven its ability to increase revenues and returns, and we will work with the Company to build on its results,” said Mr. Icahn. “We conducted considerable research on Herbalife and its business before making our investment in the Company, and have great respect for its Board and management team, and believe in the Company's great potential. We expect our shareholder representatives to provide positive input into Board decisions affecting the future of the Company.”

5 comments :

Anonymous said...

didn't Bill Ackman sell Target(TGT) when it was in the $40's and swap it for JCP? Didn't he bet big on Borders? Didn't he sell Citigroup in the $20's and buy PG? Didn't he say he loves to eat at Burger King? weird.

oakleyses said...

burberry factory outlet, louis vuitton, louis vuitton outlet online, prada handbags, cheap oakley sunglasses, tiffany jewelry, ralph lauren outlet, michael kors handbags, ray ban sunglasses, oakley sunglasses, nike outlet, replica watches, ray ban sunglasses, christian louboutin, michael kors, nike air max, prada outlet, chanel handbags, nike free, uggs outlet, michael kors outlet, oakley sunglasses, uggs on sale, longchamp outlet, louboutin shoes, longchamp bags, michael kors outlet online, louboutin uk, tory burch outlet, ray ban sunglasses, michael kors outlet online, tiffany jewelry, longchamp outlet, kate spade, uggs outlet, uggs on sale, burberry outlet, louis vuitton outlet, uggs on sale, oakley sunglasses, oakley sunglasses, michael kors outlet online, cheap jordans, nike air max, replica watches, louis vuitton handbags

oakleyses said...

true religion jeans, new balance, hollister uk, lunette ray ban pas cher, nike tn pas cher, nike free pas cher, polo lacoste pas cher, true religion outlet, burberry pas cher, coach outlet store online, hermes pas cher, vanessa bruno pas cher, louboutin pas cher, nike air force, nike air max uk, ralph lauren pas cher, nike roshe uk, polo ralph lauren uk, nike free, mulberry uk, true religion outlet, longchamp pas cher, north face uk, michael kors outlet online, ray ban uk, lululemon outlet, timberland pas cher, lunette oakley pas cher, michael kors uk, kate spade outlet, nike roshe run pas cher, michael kors, longchamp soldes, abercrombie and fitch, nike air max, replica handbags, nike blazer pas cher, coach outlet, jordan pas cher, true religion outlet, nike air max pas cher, coach purses, sac guess pas cher, michael kors, hogan sito ufficiale, nike air max uk, north face pas cher, abercrombie and fitch UK, converse

oakleyses said...

nfl jerseys, herve leger, iphone 6 plus cases, valentino shoes, nike air max, bottega veneta, hermes handbags, nike trainers uk, ghd hair, nike roshe run, soccer jerseys, beats by dre, lululemon outlet, wedding dresses, babyliss pro, jimmy choo outlet, north face outlet, hollister clothing, iphone 6s cases, mont blanc, north face outlet, vans outlet, timberland boots, abercrombie and fitch, insanity workout, iphone 6 cases, longchamp uk, iphone 5s cases, nike air huarache, p90x workout, louboutin, iphone cases, celine handbags, mcm handbags, iphone 6s plus cases, mac cosmetics, softball bats, salvatore ferragamo, new balance shoes, asics running shoes, chi flat iron, soccer shoes, reebok outlet, abercrombie, ipad cases, polo ralph lauren, giuseppe zanotti, oakley, s6 cases, instyler ionic styler

oakleyses said...

ugg uk, barbour jackets uk, canada goose outlet, louis vuitton, moncler, links of london uk, pandora uk, juicy couture outlet, ugg,ugg australia,ugg italia, doke & gabbana, canada goose, moncler, montre pas cher, ugg pas cher, juicy couture outlet, canada goose outlet, converse, moncler, pandora jewelry, converse shoes outlet, louis vuitton uk, louis vuitton, lancel, karen millen uk, canada goose jackets, pandora jewelry, moncler uk, wedding dresses uk, moncler jackets, replica watches, hollister, vans scarpe, ray ban, moncler outlet, sac louis vuitton, swarovski uk, hollister, ugg,uggs,uggs canada, canada goose uk, supra shoes, moncler pas cher, sac louis vuitton, gucci, nike air max, swarovski jewelry, canada goose, coach outlet, canada goose jackets, marc jacobs, canada goose pas cher, moncler