JAKKS Pacific and
21st Century Toys Agree Not to Proceed With
Acquisition of 21st Century Toys
JAKKS Pacific
Inc. (Nasdaq:JAKK) and 21st Century Toys Inc.
today announced that they have decided not to
proceed with JAKKS' planned acquisition of 21st
Century Toys, as they were unable to come to
mutually acceptable terms on the acquisition
price and other matters.
JAKKS
Pacific is a multibrand toy company that designs,
develops, produces and markets toys and related
products under various brand names (including
Flying Colors(R), Road Champs(R), Remco(R), Child
Guidance(R), Color Club(R) and Pentech(R)) in
multiple product categories, including: Wheels;
Action Figures; Crafts/Activities/ Stationery;
Infant/Pre-School; Writing Instruments; Plush;
and Dolls.
The
company also participates in a joint venture that
has exclusive worldwide rights to publish and
market World Wrestling Federation(R) (WWF) video
games.
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