Additional Herbalife shareholders to invest in company's purchase

By Lisa Kerner

Charlotte, N.C., March 28 - Herbalife Ltd. investors including Leslie Stanford, Markus Lehmann, John Peterson and others expressed interest in investing up to $100.9 million in equity in a new entity to be formed by Whitney V, LP to consummate the proposed acquisition of the company, according to a schedule 13D filing with the Securities and Exchange Commission.

As a result, the reporting persons, together with Whitney, would collectively beneficially own 21,005,205, or 29.3%, of Herbalife's outstanding common shares.

Whitney and its affiliates submitted a proposal to the company's board of directors on Feb. 2 to acquire Herbalife for $38.00 per share in cash.

Herbalife is a global network marketing company based in Los Angeles that sells weight-management, nutritional supplements and personal care products.

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