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Blyth rejected firm’s unsolicited buyout deal last fall.
January 29, 2014
By: Christine Esposito
Editor-in-Chief
Holding company CVSL has sold all of its remaining shares of Blyth, Inc. and no longer holds any equity position in the company. Last fall, CVSL indicated publicly that it had acquired a stake in Blyth. On Octo. 29, 2013, CVSL announced that it had proposed a business combination with Blyth, under which CVSL would acquire all public common shares of Blyth for a per share consideration of $16.75, or about $270 million. Blyth management rejected the deal. CVSL companies currently include basket...
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