NEW YORK, Sept. 9, 2015
/PRNewswire/ -- The fairness of the proposed acquisition of Blyth,
Inc. ("BTH" or the "Company") by The Carlyle Group LP is the
subject of an investigation by WeissLaw LLP, a national class
action, shareholder rights law firm. The investigation is
focusing on possible breaches of fiduciary duty and other
violations of law by the Board of Directors of BTH for agreeing to
sell the Company to The Carlyle Group. On August 31,
2015, the Company announced it had reached a definitive agreement
for The Carlyle Group to acquire BTH in a transaction valued at
approximately $98 million.
Under the terms of the agreement, BTH shareholders will
receive $6.00 in cash for each BTH
share they own.
WeissLaw is investigating whether BTH's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the Company's shares traded at $8.04, or $2.04
above the offer price, as recently as March
19 of this year.
Given these facts, WeissLaw is investigating whether BTH's Board
acted in the best interests of BTH's public shareholders by
actively shopping the Company to maximize shareholder value prior
to entering into the agreement with The Carlyle Group. If you
own BTH shares and would like more information about your rights or
our investigation, or if you have information to share with us,
please contact Joshua Rubin or
Kelly Keenan by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a
similar outcome.
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SOURCE WeissLaw LLP