Stiritz Boosts Herbalife Stake, Seeks Strategy Talks
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Bill Stiritz, chief executive officer of Post Holdings Inc., the Raisin Bran maker, boosted his holding in Herbalife Ltd. to 6.4 percent and said he’ll seek talks with the nutrition company.
Discussions may include potential financing and share repurchase strategies, as well as ways to leverage Herbalife’s product distribution, Stiritz said in a filing yesterday. Stiritz, who previously reported a 5.3 percent stake, is Herbalife’s fifth-largest shareholder.