Herbalife Gets More Time To Talk Directors With Icahn

Mar 14 2014 | 10:50am ET

Nutritional supplements company Herbalife has postponed its annual meeting by five days, following its disclosure that it faces a Federal Trade Commission investigation.

The delay has nothing to do with the probe, Herbalife said. Instead, it needs more time to negotiate with its largest shareholder and chief cheerleader, Carl Icahn, over new board nominees.

Icahn already has two seats on Herbalife’s board.

Herbalife said Wednesday that the FTC had launched a civil probe. The company has been battling allegations by Pershing Square Capital Management’s William Ackman that it is a pyramid scheme.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of