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CVSL Says It Has Liquidated Its Remaining Stake In Blyth
DALLAS, Jan. 28, 2014 /PRNewswire/ -- John Rochon Jr., the chairman of CVSL Inc.'s investment committee [OTCQB: CVSL], said today that CVSL has sold all of its remaining shares of Blyth, Inc. and no longer holds any equity position in Blyth.Last fall, CVSL indicated publicly that it had acquired a stake in Blyth. On October 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. Following the rejection of CVSL's offer by Blyth management, CVSL has liquidated its Blyth position in full. Mr. Rochon noted that CVSL has essentially broken even financially on its Blyth investment.