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Stock Market & Financial Investment News

News Breaks
December 26, 2012
13:42 EDTBTHRobert B. Goergen reports 10.9% stake in Blyth
News For BTH From The Last 14 Days
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August 31, 2015
07:04 EDTBTHCarlyle Group agrees to acquire Blyth for $98M
Carlyle Group (CG) and Blyth (BTH) announced they have entered into a definitive agreement under which Carlyle Group will acquire all of Blyth's outstanding shares of common stock in a transaction valuing Blyth at $98M, equating to $6.00 per share, which represents a premium of approximately 105% over the closing price of Blyth common stock on Friday, August 28 and a premium of 65% over Blyth's 30-day average share price as of such date. The transaction has been unanimously approved by Blyth's board and will be completed by means of a tender offer followed by a merger. Under the terms of the definitive agreement, an affiliate of Carlyle Group will commence a tender offer for all of Blyth's outstanding shares of common stock at $6.00 per share in cash. The tender offer is conditioned on Blyth's stockholders tendering at least a majority of Blyth's outstanding shares in the tender offer, early termination or expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions. The acquisition is expected to close in Q4. The financing for the transaction will come from Carlyle Equity Opportunity Fund, a $1.1B U.S. middle-market buyout fund. Robert B. Goergen, Blyth's chairman of the board, and Robert Goergen, Jr., Blyth's president and CEO, who beneficially own approximately 38% of Blyth's outstanding shares of common stock, have committed to support the tender offer.
07:02 EDTBTHCarlyle Group agrees to acquire Blyth for $98M

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