Shares of Herbalife jumped 18% to $39.16. The company said it has received an acquisition offer of $38 a share from Whitney V L.P. and its affiliates. The offer represents a 14.8% premium to the Herbalife's regular-session closing price of $33.10.
Whitney and its related parties already own roughly 27% of Herbalife's outstanding stock. Herbalife said it would review the offer but gave no assurances that it would accept it.