Herbalife International Inc. President and founder Mark...
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Herbalife International Inc. President and founder Mark Hughes said the officers, directors and management of the Inglewood firm have agreed to postpone from Nov. 24 until June 30, 1989, the issuance of 16.8 million additional shares of common stock to them provided under the reorganization plan of Sage Court Ventures Inc. and Herbalife because of market conditions. Hughes also said the postponement coincides with the decision to defer any secondary offering.
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