MLM Herbalife says secondary offer priced

Herbalife Ltd., which sells diet aids and nutritional supplements, said Tuesday that some of its shareholders will sell 11.5 million common shares at $30.50 apiece in a public offering.

The selling price is a slight discount to Herbalife's closing price of $30.59 on the New York Stock Exchange Tuesday.

Herbalife also said it has granted Merrill Lynch and Morgan Stanley an overallotment option to buy another 1.5 million shares.


Shares of Herbalife rose 46 cents to $31.05 in premarket trading.