Shares of Herbalife Ltd. soared more than 18% to a two-and-a-half-year high on Friday after the FTC ended its investigation into the company following a two-year tirade by billionaire investor Bill Ackman, who had a large short position on Herbalife and claimed the company was operating as a pyramid scheme. Herbalife agreed to pay $200 million and to undergo a restructuring as part of the settlement. Its shares traded around $70.30 in morning trade, the highest level since January 22, 2014.
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