Herbalife Company Statement Regarding Ackman Allegations
20 Dezember 2012 - 12:12AM
Business Wire
Herbalife Chairman and CEO Michael O. Johnson responded today to
questions regarding hedge fund manager William Ackman’s claims
about Herbalife by saying, “The allegation that Herbalife is a
pyramid scheme is bogus. Make no mistake: Today’s announcement
isn’t about Herbalife’s business model. It’s about Bill Ackman’s
business model.”
Here’s what we know:
- An extraordinary number of puts on our
stock are due to expire this Friday. We previously learned
this activity was pegged to some kind of "significant event."
- Mr. Ackman suddenly announced today
that he will make a presentation on Herbalife on Thursday, the day
before the puts expire.
- Our CFO this morning asked Mr. Ackman
to allow us to participate in his presentation. Mr. Ackman
declined.
- We have been informed that Mr. Ackman
has shorted our stock for the past 7 to 9 months.
- Our stock dropped almost 15 percent
today following Mr. Ackman’s announcement.
We urge the SEC to investigate these series of events to protect
the rights of investors. This appears to be yet another attempt to
illegally manipulate the market by overzealous short-sellers.
We’ve been in business for 32 years. We have millions of
customers worldwide. We don’t pay to recruit distributors. And just
today, we announced a $100 million Herbalife manufacturing facility
in North Carolina that will employ 500 people.
We have one of the greatest health nutrition product lines in
the world and a direct-selling business opportunity for part-time
or full-time income.
We are incredibly proud of this company.
About Herbalife Ltd.
Herbalife Ltd. (NYSE:HLF) is a 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 80 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 information
about Herbalife, including financial and other information for
investors 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.
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