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Blyth Inc And ViSalus Founders Execute New Agreement

Tuesday, 18 Dec 2012 05:00pm EST 

Blyth Inc announced that it and the other members of ViSalus have reached an agreement whereby Blyth increased its ownership in ViSalus to more than 80% for a payment of $57.4 million to the other members of ViSalus. In addition, the other members of ViSalus have agreed to exchange their membership interests for capital stock of ViSalus, Inc. which will be redeemable in December 2017 for a total redemption price of $147.5 million . ViSalus will also redeem in January 2013 all of the outstanding interests under its Equity Incentive Plan for $25.3 million , which will be funded by Blyth. 

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0.02 +0.19%
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