Why Herbalife Stock Plunged Today
Shares of Herbalife (NYSE: HLF) were tumbling after the company announced a new convertible debt offering, threatening to dilute investors by as much as 20%.
The stock closed down 25.4% as a result.
In a press release last night, the nutritional supplement company said it is offering $250 million in convertible notes due 2028.
Source Fool.com
