Herbaife announces $1 billion convertible-bond issue to support stock buyback program.
By Lindsey Rupp, Bloomberg|February 03, 2014 at 09:32 AM
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Herbalife Ltd., the nutrition company hedge fund manager Bill Ackman has accused of being a pyramid scheme, boosted its share buyback by 50 percent to $1.5 billion and announced a $1 billion sale of convertible bonds.
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