LOS ANGELES--(BUSINESS WIRE)-- Herbalife (NYSE: HLF) today issued the following statement in response to statements made today by Bill Ackman:
“There is simply no truth to Bill Ackman's statements and this is just another stunt in his campaign, a campaign that is reportedly under criminal investigation by the FBI and the Department of Justice, to drive down the stock price in an effort to enrich himself and his investors in advance of options expiring on Friday. Unfortunately we have seen this pattern of activity before, especially before the third Friday of each month, when certain options expire.”
About Herbalife Ltd.
Herbalife Ltd. (NYSE:HLF) is a 35-year-old global nutrition company that sells weight-management, nutrition and personal care products intended to support a healthy lifestyle. Herbalife products are sold in more than 90 countries to and through a network of independent distributors. The company supports the Herbalife Family Foundation and its Casa Herbalife program to help bring good nutrition to children. Herbalife's website contains a significant amount of financial and other information about the company at http://ir.Herbalife.com. The company encourages investors to visit its website from time to time, as information is updated and new information is posted.
Herbalife Ltd.
Julian Cacchioli
VP, Worldwide Corporate
Communications
213-745-0519
Source: Herbalife Ltd.
Released Apr 13, 2015 • 7:44pm EDT