(MENAFN- ValueWalk)
Active investor ‘s quest to be Herbalife's undoing may have just been dealt a serious blow. The company revealed on Monday that it had been circling last week, which triggered a run on its shares even though a deal did not ultimately happen. But what may actually end up in in an Herbalife short squeeze is the company's announcement that it will buy back its shares via a "modified Dutch auction."
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By Herbalife International of America, Inc. (http://www.herbalife.com) [], Herbalife short squeeze agead? Company announces Dutch auction
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