Healthy sale.
Herbalife Ltd. retained financial and legal advisers to help it
review an acquisition proposal by private equity firm Whitney V LP--the
first acknowledgment acknowledgment, in law, formal declaration or admission by a person who executed an instrument (e.g., a will or a deed) that the instrument is his. The acknowledgment is made before a court, a notary public, or any other authorized person. the offer is being taken seriously, despite
criticism it is too low. The Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. nutritional supplement company
has hired Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. as its financial adviser and two Los Angeles law
firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1] - Clifford Chance, £1,030.2m – International law firm (headquartered in the UK);
- Linklaters, £935.
to serve as legal advisers. The company received the offer Feb. 2
from Whitney, which owns about 27 percent of Herbalife's
outstanding stock. Whitney, whose managing director Peter Castleman is
the chairman of Herbalife, offered to buy Herbalife for $38 per share in
cash, or a 15 percent premium to the share's closing price the day
of the offer. Some industry analysts consider a fairer valuation of the
company to be more than $40 a share. Shares in Herbalife briefly hit
more than $40 a share but settled around $39 near the end of the week.
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