|
|
Article: Herbalife Adopts Preferred Share Purchase Rights Plan to Protect Shareholder Rights.
- Article from:
- Business Wire
- Article date:
- July 28, 2000
CopyrightCOPYRIGHT 2000 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
LOS ANGELES--(BUSINESS WIRE)--July 28, 2000
Herbalife International Inc. (Nasdaq NM: HERBA, HERBB) today announced that its Board of Directors has adopted a Preferred Share Purchase Rights Plan designed to enable all Herbalife shareholders to realize the long-term value of their investment in the Company.
Pursuant to the terms of the Plan, the Board of Directors of the Company has declared a dividend distribution of one Preferred Share Purchase Right on each outstanding share of Herbalife common stock. Subject to limited exceptions, the Rights will be exercisable if a person or group acquires 15% or more of the Company's Class A ...