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Stock Market & Financial Investment News

News Breaks
December 19, 2012
18:15 EDTHLFHerbalife issues statement regarding Ackman allegations
"Herbalife Chairman and CEO Michael Johnson responded 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 $100M 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."
News For HLF From The Last 14 Days
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August 27, 2014
11:09 EDTHLFHerbalife at highs following Icahn tweet
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August 25, 2014
11:44 EDTHLFStocks with call strike movement; PVA HLF
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August 22, 2014
14:28 EDTHLFHerbalife off earlier lows, levels to watch
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13:45 EDTHLFAckman likely pressed bearish options bet on Herbalife, CNBC reports
Bill Ackman of Pershing Square likely pressed his bearish options bet on Herbalife, based on options trading activity, CNBC's Scott Wapner reports.
August 13, 2014
14:04 EDTHLFAckman will continue Herbalife short position as needed, Bloomberg reports
Bill Ackman's hedge-fund Pershing Square said most of the Herbalife contracts it holds will expire next year and that it will extend their terms by "paying additional premiums if it is necessary to do so," according to Bloomberg, citing Ackman's quarterly letter to investors. In the letter, Ackman said that the cost of holding a short position in options of Herbalife has dropped "substantially" after the company canceled its dividend, the report noted. Reference Link
11:21 EDTHLFAckman says Herbalife may be unable to refinance 2016 credit, Bloomberg reports
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