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Wednesday, Aug 17, 2022
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Herbalife Ups Buyback

Shares in Herbalife Ltd. gained nearly 4 percent Wednesday after the supplement retailer said its board approved a $150 million increase to the company’s share repurchase program.


The boost raises the total authorized value of the buyback program to $600 million.


So far, Herbalife, of Los Angeles, has repurchased 11 million shares for about $450 million.


As of the end of April, Herbalife had 65.1 million shares outstanding.


Shares in Herbalife were up3.4 percent to $40.32 in early trading Wednesday.

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