Herbalife Ltd., the nutrition company hedge fund manager Bill Ackman has accused of being a pyramid scheme, boosted its share buyback by 50 percent to $1.5 billion and announced a $1 billion sale of convertible bonds.
Post Holdings Inc., the maker of Raisin Bran cereal, agreed to buy the PowerBar and Musashi sports nutrition brands from Nestle SA to take advantage of increasing demand for health and fitness related snacks.
Tyson Foods Inc., the second-largest U.S. pork processor, is urging hog farmers to improve the quality of housing for pregnant sows and end the use of blunt force as the main way to kill sick and injured piglets.
Bill Stiritz paid scant attention to Herbalife Ltd. until a televised smackdown in January between billionaire hedge-fund activists Carl Icahn and Bill Ackman, who claims the nutrition company is a pyramid scheme. Icahn’s rebuttal convinced Stiritz to take a closer look.
Hostess Brands Inc., the bankrupt baker of Twinkies and Wonder bread, may attract bids for its brands from rival Flowers Foods Inc. and private equity firm C. Dean Metropoulos & Co. in a liquidation the company estimates will take about a year.