STEVENSON, Md., Sept. 8, 2015 /PRNewswire/ -- The securities
litigation law firm of Brower Piven, A Professional Corporation,
has commenced an investigation into possible breaches of fiduciary
duty and other violations of state law by the Board of Directors of
Blyth, Inc. (NYSE: BTH) ("Blyth" or the "Company") relating to the
proposed buyout of the Company by The Carlyle Group LP.
The firm's investigation seeks to determine, among other things,
whether the Company's Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company's shares of common
stock.
Under the terms of the transaction, Blyth shareholders are
anticipated to receive $6.00 in cash
for each share of Blyth common stock held. According to
Yahoo! Finance, at least one Wall Street analyst has issued
a price target for Blyth stock at $40.00 per share.
If you currently own common stock of Blyth and believe that the
proposed buyout price is too low, or you would like to learn more
about the investigation being conducted by Brower Piven, please
visit our website at
http://www.browerpiven.com/currentinvestigations.html. You
may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com or by telephone at (410)
415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
CONTACT:
Charles J. Piven / Brower Piven, A
Professional Corporation
1925 Old Valley Road / Stevenson,
Maryland 21153
Telephone: 410-415-6616 / hoffman@browerpiven.com
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visit:http://www.prnewswire.com/news-releases/shareholder-alert-brower-piven-commences-an-investigation-into-the-proposed-sale-of-blyth-inc-and-encourages-investors-to-contact-the-firm-for-additional-information-300139455.html
SOURCE Brower Piven, A Professional Corporation