From Earlier: Herbalife Announces $427.9M Share Repurchase Agreement

On May 2, 2012, Herbalife Ltd.

entered into an agreement with Merrill Lynch International to repurchase $427.9 million of Herbalife's common shares. This will complete its current $1 billion buy back authorization. Under the terms of the repurchase agreement, Herbalife will pay $427.9 million on May 4, 2012 from the Company's cash on hand and from borrowings under the Company's senior secured revolving credit facility and will receive a portion of the shares on a pre-determined date and the remainder upon completion of the program.