New Herbalife Convertible Struggling On Nasty Day: An Update

Earlier today I wrote about the billion-dollar convertible bond Herbalife (NYSE: HLF) announced this morning. This bond is the latest salvo in the fight between activist investor Bill Ackman, who thinks Herbalife is a pyramid scheme and has wagered accordingly, and the company.  Herbalife is planning to use a large portion of the new read more