UPDATED June, 22, 2015: Martha Stewart Living Omnimedia Inc. slumped as much as 14 percent after Sequential Brands Group Inc. made an offer to buy the home-decor company for $6.15 a share, below its closing price on Friday, June 19.

Investors had anticipated a higher price. Through Friday, the shares had jumped 37 percent over two days amid reports of an imminent takeover by Sequential Brands, owner of the Avia workout gear and Caribbean Joe island wear brands. That’s adding to a year-to-date gain that was already the strongest for Martha Stewart Living since 2009.

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