Faruqi & Faruqi, LLP Announces the Investigation of Blyth, Inc. (BTH) Over the Proposed Sale of the Company to The Carlyle Group LP
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
If you own common stock in Blyth and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292.
Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.
* The submission of this form does not create an attorney-client relationship.
Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.