Stiritz Says No Plans to Sell Herbalife Stake After Talks

April 6, 2015 12:36 PM

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Bill Stiritz, Herbalife Ltd.’s fifth-largest shareholder, said he has no plans to sell his stake after changing his status to a passive from active holder.

Stiritz said he had previously discussed “options” with Herbalife about how to handle a two-year battle with billionaire hedge fund manager Bill Ackman, who has accused the nutrition company of running an illegal pyramid scheme. Stiritz reported he is no longer in active discussions with management ...

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