Blyth Confirms $269 Mln Unsolicited Conditional Proposal From CVSL - Quick Facts

(RTTNews) - Personal products company Blyth, Inc. (BTH) confirmed that it has received an unsolicited conditional proposal from CVSL, Inc. to acquire all public common shares of Blyth for $16.75 per share, or around $269 million, payable in CVSL shares or cash.

The proposal is conditioned on diligence and the negotiation of definitive documentation and is not supported by financing. The proposal references a meeting last week between principals of Blyth and principals of CVSL; the firm noted this meeting was held at the request of CVSL and the principals did not discuss a business combination of Blyth and CVSL.

The company is yet to review the proposal with its board and legal and financial advisors.