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Nature’s Sunshine begins tender offer

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PROVO — Herb and vitamin manufacturer and marketer Nature's Sunshine Products Inc. said Friday that its board of directors has approved a Dutch auction tender offer to purchase up to 500,000 shares of its common stock between $21 and $22.25 per share.

If the company purchases the maximum number of shares, the total cost will be between $10.6 million and $11.3 million, including estimated fees and expenses, it said.

The number of shares proposed to be purchased in the Dutch auction tender offer represents about 3.2 percent of the currently outstanding shares. The purchase will be financed with cash on hand and proceeds from the company's operating line of credit.

The offer began Friday and expires Sept. 1.