Herbalife gives Icahn more seats, small NU Skin fine lifts stock

[riky]

Herbalife gives Icahn more seats, small NU Skin fine lifts stock

<p><a href="http://news.yahoo.com/herbalife-nominate-three-icahn-designees-board-101601767--sector.html"><img src="http://l1.yimg.com/bt/api/res/1.2/FDuduq88PIHYk7W2d2Cafw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-03-24T221307Z_5_CBREA2N0SIV00_RTROPTP_2_CBUSINESS-US-HERBALIFE-ICAHN.JPG" width="130" height="86" alt="A Herbalife logo is shown on a poster at a clinic in the Mission District in San Francisco" align="left" title="A Herbalife logo is shown on a poster at a clinic in the Mission District in San Francisco" border="0" /></a>By Devika Krishna Kumar and Svea Herbst-Bayliss (Reuters) - Herbalife Ltd said it is giving three more board seats to Carl Icahn, its biggest shareholder, at a time short-sellers are attacking the nutrition and weight loss company's business practices and a U.S. regulator is probing the business. By agreeing to nominate three additional Icahn representatives to its board, Herbalife will potentially allow the 78-year old activist investor to control five board seats on a 13-person board. Herbalife shares, which closed up nearly 7 percent on Monday, also got a boost from news that rival direct-seller NU Skin Enterprises Inc had been fined just $540,000 by Chinese regulators for illegal sales practices. NU Skin's shares closed up 18.2 percent.</p><br clear="all"/>

Source: You are not allowed to view links. Register or Login