BLYTH SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Blyth, Inc. (BTH) Over the Proposed Sale of the...
September 03 2015 - 10:35AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Blyth, Inc. (“Blyth” or the “Company”) (NYSE:BTH) for
potential breaches of fiduciary duties in connection with the sale
of the Company to The Carlyle Group LP for approximately $98
million in a cash transaction.
The Company’s stockholders will only receive $6.00 for each
share of Company common stock they own. However, the offer
represents an inadequate premium since it is lower than both the
52-week high of $10.27 per share and considerably lower than at
least one Wall Street analyst price target of $40.00 per share
Click here for more information:
www.faruqilaw.com/BTH. There is no cost or
obligation to you.
The investigation focuses on whether Blyth’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct a fair sales process and whether and by how much
this proposed transaction undervalues the Company to the detriment
of Blyth’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
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If you own common stock in Blyth and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/BTH or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292.
Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: 877-247-4292Phone:
212-983-9330