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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today's Transactions:
Dan Loeb Buys Stake in Herbalife

The deal comes after Pershing Square's Bill Ackman said Herbalife is running a pyramid scheme

Activist investor Dan Loeb is acquiring an 8.24 percent stake in nutritional supplements maker Herbalife Ltd. (NYSE: HLF) through his hedge fund Third Point LLC.

The 8.24 percent stake equates to 8.9 million shares. 

The deal, unveiled through a U.S. Securities and Exchange Commission filing, comes one day before Cayman Islands-based Herbalife held an investor presentation in New York to address allegations made by Pershing Square's Bill Ackman that the company is running a pyramid scheme. Pershing Square has reportedly sold about 20 million shares recently.

On Dec. 20, Ackman issued statements that accused Herbalife of inflating its prices and having misleading sales information.

Herbalife’s shares closed at $38.35 on Jan. 8 and traded up after the announcement.

 

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