Thursday, August 8, 2013

Reuters: Hot Stocks: Herbalife gets license to sell in more parts of China

Reuters: Hot Stocks
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Herbalife gets license to sell in more parts of China
Aug 8th 2013, 12:38

Thu Aug 8, 2013 8:38am EDT

Aug 8 (Reuters) - Herbalife Ltd said on Thursday that China has granted it a license to conduct its direct-selling business in Yunnan province.

Shares of the company, which has been in the crosshairs of a battle between hedge fund titans William Ackman and Carl Icahn, were up 2 percent at $66.35 in premarket trade.

(Reporting by Martinne Geller in New York; Editing by Gerald E. McCormick)

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