Blyth rejects CVSL takeover proposal


Blyth's (BTH -0.8%) board rejects the unsolicited conditional proposal from CVSL to acquire the company.

The board noted that the offer was not supported by any committed financing, would require Blyth shareholders to accept CVSL equity, and would leverage Blyth to finance the acquisition.

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Comments (3)
  • rbarjr
    , contributor
    Comments (4) | Send Message
     
    Blyth's stock is obviously worth quite a bit more and only a fool accepts the 1st offer of bargaining negotiations.
    15 Nov 2013, 11:09 AM Reply Like
  • jimmchattie
    , contributor
    Comment (1) | Send Message
     
    what is it worth ???
    15 Nov 2013, 01:26 PM Reply Like
  • rbarjr
    , contributor
    Comments (4) | Send Message
     
    The worth of the company now that is “the million dollar question”; and it can only be determined by Blyth’s actual sale according to accounting principles.

     

    However one can postulate as to what CVSL believes the company’s full value to be, (an amount they won’t exceed) by applying Fibonacci number logic to the stock price & CVSL’s offer, a day or two before the offer was made. As for the actually sale price, that should fall with-in a secondary Fibonacci sequence between CVSL’s full value of the company and their current per share offer of $6.75.
    17 Nov 2013, 01:37 PM Reply Like
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