Direct seller CVSL offers to buy Blyth for $268 mln - Report

Reuters

Oct 29 (Reuters) - Direct-selling company CVSL Inc has offered to buy Blyth Inc for about $268 million,Bloomberg reported citing two people with knowledge of thematter.

CVSL offered to pay $16.75 a share for Blyth, which sellscandles, fragrances and ViSalus weight-loss products, Bloombergreported. ()

The offer, which was extended last week in a letter toBlyth, could be made public by CVSL as soon as Tuesday, thereport said.

Blyth, based in Greenwich, Connecticut, reported revenue of$211.7 million for the second quarter, down 32 percent from ayear earlier, due to slumping sales of ViSalus, and the companycut its full-year earnings outlook in August.

Reuters could not reach both CVSL and Blyth for commentoutside U.S. business hours.

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