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A 33% premium can't sway company leaders.
November 15, 2013
By: TOM BRANNA
Editor
Things are heating up in the boardroom at one of the world's biggest candle companies. Blyth, Inc.'s board has unanimously rejected the unsolicited conditional proposal from CVSL, Inc. to acquire Blyth. The board also retained the law firm of Wachtell, Lipton, Rosen and Katz to provide legal services and Jefferies LLC to provide financial advisory and similar services to Blyth, and conducted a thorough review with management and the aforementioned advisors of the unsolicited proposal...
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