Herbalife receives buyout offer of $38 a share from Whitney

"Herbalife Ltd. (HLF) said late Friday it has received an acquisition offer of $38 a share from Whitney V L.P. and its affiliates. The offer represents a 14.8% premium to the Herbalife's closing share price Friday of $33.10. Whitney and its related parties already own roughly 27% of the Los Angeles-based vitamin and nutritional supplement company's outstanding stock. Herbalife said it has formed a special board committee to review the offer. Herbalife shares were halted in after-hours trade."


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