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Gets candle maker for $6 a share.
August 31, 2015
By: TOM BRANNA
Editor
Talk about candles in the wind. The Carlyle Group will purchase Blyth, Inc. for just $6 a share. The acquisition values Blyth at $98 million and represents a premium of approximately 105% over the closing price of Blyth common stock on Friday, August 28, 2015 and a premium of 65% over Blyth’s 30-day average share price as of such date. The transaction has been unanimously approved by Blyth’s board of directors and will be completed by means of a tender offer followed by a merger. “Blyth is ...
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