Alert: Investor Investigation of Takeover of Blyth, Inc. (NYSE:BTH) at $16.75 by CVSL, Inc
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) -- 11/04/2013 --An investigation on behalf of investors, who currently hold shares of Blyth, Inc. (NYSE:BTH) shares, was announced concerning whether the takeover of Blyth, Inc. by CVSL, Inc for $16.75per share is unfair to NYSE:BTH stockholders.
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(at)shareholdersfoundation.com 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 October 29, 2013, Blyth, Inc. confirmed that it has received an unsolicited proposal from CVSL, Inc. to acquire, subject to conditions, all of the public common shares of Blyth for a per share consideration of $16.75, or approximately $269 million payable in CVSL shares or cash.
However, given that shares of Blyth, Inc. traded in 2012 as high as $44.00 per share and that analysts have set the target price for NYSE:BTH shares at $40.00 per share, the investigation concerns whether the 16.75-offer is unfair to NYSE:BTH stockholders. More specifically, 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.
Blyth, Inc. reported that its annual Total Revenue rose from $827.61 million in 2011 to over $1.17 billion in 2012 and that its Net Income increased from $16.23 million to $44.00 million.
On Nov. 1, 2013, NYSE:BTH shares closed at $12.71 per share.
Those who are current investors in Blyth, Inc. shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Joelle Day
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Media Relations Contact
Joelle Day
Media and CR Manager
Shareholders Foundation, Inc.
858-779-1554
http://www.ShareholdersFoundation.com
View this press release online at: http://rwire.com/376122