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Herbalife Said to Consider Reinstating Buybacks After FTC Probe

  • Company suspended share repurchases during investigation
  • Tactic could squeeze Bill Ackman, who has bet against stock

Herbalife Ltd. is considering bringing back stock purchases after this month’s settlement with U.S. regulators, according to a person familiar with the situation, a move that could be used to squeeze short-selling nemesis Bill Ackman.

The repurchases are part of a range of options under consideration, said the person, who asked not to be identified because the deliberations aren’t public. Herbalife hasn’t announced any new buybacks since 2014, when the nutrition company increased its repurchase program to $1.5 billion. At the time, Herbalife suspended its dividend and sold convertible bonds to help fund the effort.