Investing.com - Herbalife LTD (NYSE:HLF) shares edged higher during Monday’s after hours session after the company extended the deadline of its $600 million tender offer for common shares to October 5, unless further extended.
Sellers will receive between $60 - 68 per share and a Contingent Value Right (CVR) that pays out if the company goes private.
The deadline was extended to allow sellers to evaluate the SEC-requested amendments to the original offer issued in late August after the company acknowledged discussions with an investor regarding a going-private deal.
Herbalife's shares were up 0.8% in after hours trade.