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Blyth Inc. (BTH) Is Up Sharply After Majority Sale Of ViSalus

Blyth Inc. (BTH) announced after the close Tuesday that it agreed to sell the majority of its interest in its ViSalus network marketing subsidiary to the Founders and certain other preferred stockholders of ViSalus. Blyth will still retain a 10% stake in ViSalus.

Blyth gapped open sharply higher Wednesday morning and is now up 1.42 at $8.09 on above average volume. The stock has jumped to a 2-month high.

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