WeissLaw LLP: Blyth, Inc. Acquisition By The Carlyle Group LP May Not Be In The Best Interest Of BTH Shareholders
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 [email protected].
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 [email protected] or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.
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SOURCE WeissLaw LLP
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