Jakks agrees to discuss new bid with Oaktree Capital - ToyNews

Jakks agrees to discuss new bid with Oaktree Capital

Company will provide the shareholder with detailed financial information.
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Having rejected earlier advances from investment management firm, Oaktree Capital, Jakks has now agreed to meet and provide the firm with information about it, subject to confidentiality agreements.

The toy maker's board of directors revealed this week that it had authorised its managers to arrange the meeting in order to help the investment firm put together a new bid for the company.

Joel Bennett, chief financial officer, Jakks, commeted: "We are inviting them to look at the company so they can be in a position to put in a real offer."

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