Deals
Soros to Perry Buy Herbalife Shares as Bass Buys Stake
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George Soros, Richard Perry and Kyle Bass threw more money behind Herbalife Ltd. in the first quarter even as Bill Ackman pushed to get regulators involved in a probe the marketer of vitamins and weight-loss shakes and the stock slumped.
Soros Fund Management LLC added 1.7 million shares in Herbalife to bring its stake to 4.9 million shares, valued at $281 million at the end of the quarter, according to a regulatory filing yesterday. That made the billionaire’s family office the fifth-largest holder with 5 percent of the company.