Management Buyout of Herbalife Proposed

Skadden is representing J.H. Whitney & Co., LLC, a private equity firm, in Whitney V LP's (a fund managed by J.H. Whitney & Co. and Peter Castleman, the chairman of Herbalife and managing director of Whitney V LP) proposed management buyout of Herbalife Ltd. (Cayman Islands), the holding company for Herbalife International, a producer of dietary and nutritional supplements, for approximately US$2.7 billion.