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December 14, 2005
By: TOM BRANNA
Editor
Blyth Inc., Greenwich, CT, shares jumped more than 15% on Tuesday after the company said it is considering selling its wholesale business if it can’t continue with a planned spinoff. The maker of home decor products said it soon expects a ruling from the IRS over whether it can proceed with the spin-off as a tax-free event. The company hops to complete the transaction by next spring. However, Bob Goergen, Blyth, chief executive, said if the IRS doesn’t allow the deal to be tax-fr...
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