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CVSL Liquidates Remaining Stake In Blyth

January 29, 2014

Blyth rejected firm’s unsolicited buyout deal last fall.

Holding company CVSL has sold all of its remaining shares of Blyth, Inc. and no longer holds any equity position in the company.
Last fall, CVSL indicated publicly that it had acquired a stake in Blyth. On Octo. 29, 2013, CVSL announced that it had proposed a business combination with Blyth, under which CVSL would acquire all public common shares of Blyth for a per share consideration of $16.75, or about $270 million. 

Blyth management rejected the deal.

CVSL companies currently include basket maker The Longaberger Company; Your Inspiration At Home, a maker of hand-crafted spices andgourmet food items; Tomboy Tools, a direct seller of tools designed for women as well as home security systems; and Agel Enterprises, a global seller of nutritional products in gel form as well as a skin care line sold under the Ageless brand.

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