Busy week.Herbalife Ltd. said March 29 that a $38-a-share takeover offer from major shareholder Whitney V LP was too low, but that the nutritional supplement maker would consider a higher bid from the private equity firm. The $2.7 billion unsolicited un·so·lic·it·ed adj. Not looked for or requested; unsought: an unsolicited manuscript; unsolicited opinions. unsolicited Adjective bid came several weeks before the company announced last week that China has granted the supplement maker a direct-selling license for its weight-loss and nutritional supplements Nutritional Supplements Definition Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet. . The China license will allow the Los Angeles-based company to sell outside of the brick-and-mortar retail environment it's been confined con·fine v. con·fined, con·fin·ing, con·fines v.tr. 1. To keep within bounds; restrict: Please confine your remarks to the issues at hand. See Synonyms at limit. to in China. Separately, the company said that it had signed to become the primary corporate sponsor of the Los Angeles Galaxy The Los Angeles Galaxy are a professional football (soccer) team based in Carson, California that participates in Major League Soccer. The name "Galaxy" refers to Los Angeles being the home of many Hollywood "stars". soccer club. |
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