Herbalife to change name to Herbalife Nutrition; 2:1 stock split and stock buyback planned; shares up 2% – Herbalife Ltd. (NYSE:HLF)

Aimed at boosting shareholder worth, Herbalife (HLF +2%) announces its plan to reacquire $450M – 650M of its widespread stock by way of a “modified Dutch auction” supply. It additionally plans to refinance a portion of its excellent $1.15B Convertible Notes due August 15, 2019, giving it extra flexibility in deploying its capital.

It plans to split its widespread stock 2:1 and change its company name to Herbalife Nutrition Ltd. topic to shareholder approval in late April.

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