MLM Company Herbalife Hires Advisers For Acquisition

MLM company Herbalife Ltd. said Tuesday it hired financial and legal advisers to help it review an acquisition proposal by private equity firm Whitney V LP.

The company hired Goldman Sachs as its financial adviser and Gibson, Dunn & Crutcher LLP as its legal adviser. Munger, Tolles & Olson LP will serve as the special board committee's legal adviser.