An investigation on behalf of investors of Blyth, Inc. (NYSE:BTH) in connection with the proposed takeover was announced and NYSE:BTH stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/02/2015 -- An investigation for shareholders in shares of Blyth, Inc. (NYSE:BTH), was announced concerning whether the takeover of Blyth, Inc. by The Carlyle Group for $6.00 per share is unfair.
Investors who purchased shares of Blyth, Inc. (NYSE:BTH) and currently hold any of those NYSE:BTH shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Blyth, Inc. breached their fiduciary duties owed to NYSE:BTH investors in connection with the proposed acquisition.
On August 31, 2015, Global alternative asset manager The Carlyle Group (NASDAQ: CG) and Blyth, Inc. (NYSE:BTH) announced they have entered into an agreement under which The Carlyle Group will acquire all of Blyth's outstanding shares of common stock in a transaction valuing Blyth at $98 million, equating to $6.00 per share.
However, given that at least one analyst has set the high target price for NYSE:BTH shares at $40 per share, given that NYSE:BTH shares traded in early 2015 over $9.00 per share, and given that NYSE: BTH traded in 2014 as high as $10.86 per share, the investigation concerns whether the offer is unfair to NYSE:BTH stockholders.
In addition, given that Robert B. Goergen, Blyth's Chairman of the Board, and Robert B. Goergen, Jr., Blyth's President and Chief Executive Officer, who beneficially own approximately 38% of Blyth's outstanding shares of common stock, have committed to support the tender offer, the investigation concerns whether the Blyth Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Shares of Blyth, Inc. (NYSE:BTH) closed on October 1, 2015, at $5.97 per share.
Those who are current investors in NYSE:BTH shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego