NEW YORK, Aug. 31, 2015 /PRNewswire/ -- Tripp Levy
PLLC, a leading national securities and shareholder rights law
firm, announces that it is investigating the sale of Blyth, Inc.
(NYSE: BTH) ("Blyth" or the "Company") on behalf of its
shareholders. The Carlyle Group and Blyth announced they have
entered into a definitive agreement under which The Carlyle Group
will acquire all of Blyth's outstanding shares of common stock in a
transaction valuing Blyth at $98
million, equating to $6.00 per
share.
Our investigation has determined that the offer price of only
$6.00 per share, unfairly
under-values the true going forward inherent value of Blyth and
that shareholders are not receiving the maximum value for their
shares. Indeed, the book value alone of Blyth is $6.66 per share, and the stock hit a high of
$10.37 within the past year.
The investigation further seeks to determine whether the senior
management of Blyth are entering into this deal for their own
self-interests to the detriment of the Company's shareholders.
Indeed, Robert B. Goergen,
Blyth's Chairman of the Board, and Robert
B. Goergen, Jr., Blyth's President and Chief Executive
Officer, who beneficially own approximately 38% of Blyth's
outstanding shares of common stock, have committed to support the
acquisition.
If you are a shareholder of Blyth and would like additional
information as to how the acquisition may affect your rights as a
shareholder, and how you may be eligible to obtain a higher price
for your shares, please contact us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional
shareholders in mergers and acquisitions transactions and, along
with its affiliate, has recovered billions of dollars for
shareholders in securities actions around the globe. Tripp Levy
PLLC is affiliated with the law firm Milberg LLP. The
National Law Journal has named Milberg one of the "50 Elite Trial
Lawyer Firms" and one of the "50 Leading Plaintiff Firms in
America." Attorney advertising. Prior results do not
indicate a similar outcome.
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visit:http://www.prnewswire.com/news-releases/blyth-alert---national-securities-law-firm-seeks-higher-price-for-blyth-shareholders-and-encourages-shareholders-to-contact-law-firm-for-more-information-300135124.html
SOURCE Tripp Levy PLLC