No Higher Bid For MLM Company Herbalife In Prospect

Looks like no new bid for MLM company Herbalife...

Herbalife stock tumbled on Monday after the company ended sale talks with its largest shareholder.

Shares of Herbalife were down $1.79, or 4.4%, to $38.48 in midday trading, after the maker of weight-management and nutrition products halted discussions between its board of directors and Whitney V., L.P. In early February, Whitney extended an all-cash offer of $38 per share to the company.