Blyth confirms $16.75/share unsolicited offer from CVSL

|By:, SA News Editor

Blyth confirms yesterday's rumors that CVSL (CVSL +18.5%) has made an unsolicited proposal to acquire the company at $16.75/share (payable in cash or CVSL shares).

The proposal is conditioned on diligence and negotiation of a definitive agreement.

Blyth (BTH -5.1%) shares are off slightly due to concerns of the feasibility of the acquisition following a 27% spike yesterday.