India, Sept. 8 -- Herbalife Ltd. (HLF), a health and wellness company, community and platform, said Tuesday that its board of directors has authorized the repurchase of up to $250 million of shares over three years. Following the news, the company's shares rose about 6% in pre-market trading.
"We believe our strong financial profile and free cash flow generation provide us with significant flexibility to invest in the business, maintain a strong balance sheet and return capital to shareholders," said John DeSimone, Chief Financial Officer. "Given our confidence in the long-term outlook for the Company and our view of the value represented by our shares at current levels, we believe repurchasing our stock represents a compelling use of capi...