Carlyle Group To Buy Blyth For $98 Mln - Quick Facts

(RTTNews) - The Carlyle Group (CG) and Blyth, Inc. (BTH) announced a definitive agreement under which Carlyle Group will acquire all of Blyth's outstanding shares of common stock in a deal valuing Blyth at $98 million, equating to $6.00 per share.

An affiliate of Carlyle Group will commence a tender offer for all of Blyth's outstanding shares. The tender offer is conditioned on Blyth's stockholders tendering at least a majority of Blyth's outstanding shares in the tender offer. The acquisition is expected to close in the fourth quarter of 2015.

Robert Goergen, Blyth's Chairman of the Board, and Robert Goergen, Jr., Blyth's CEO, who beneficially own approximately 38% of Blyth's outstanding shares of common stock, have committed to support the tender offer.