Herbalife Officially Goes Private

Herbalife Officially Goes Private

LOS ANGELES--The acquisition of HerbalifeInternational Inc. (NASDAQ:HERBA) was completed as of Aug. 1. The company wasbought by an investor group, led by private equity firms Whitney & Co. LLCand Golden Gate Capital Inc., in partnership with Herbalife distributors andsenior management. The investor group will finance the acquisition of Herbalifewith $176 million of equity capital, and distributors and senior management willalso invest in the company.

The transaction was approved by stockholder vote. Herbalifestockholders will receive $19.50 in cash for each share of Herbalife Class A andClass B common stock for an estimated $685 million. The company also stoppedtrading publicly as of Aug. 1.