BLYTH ALERT - National Securities Law Firm Seeks Higher Price for Blyth Shareholders, and Encourages Shareholders to Contact Law Firm for More Information

Aug 31, 2015, 08:30 ET from Tripp Levy PLLC

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.

 

SOURCE Tripp Levy PLLC



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