Blyth (BTH) Discloses 14% Stake in RedEnvelope (REDE)
In a 13D filing on RedEnvelope, Inc. (Nasdaq: REDE), Blyth, Inc. (NYSE: BTH) disclosed a 14.2% stake (1,354,000 shares) in the company. Blyth said it acquired the Common Stock for investment purposes.
From the Filing:
"Blyth acquired the Common Stock for investment purposes. Depending on price, availability, market conditions and other factors that may affect its judgment, Blyth may acquire additional shares of Common Stock or dispose of any or all of the shares of Common Stock. Blyth does not currently intend to acquire the Issuer or to control the management and policies of the Issuer."