The stock has a 52-week high of $2.90 and a 52-week low of 51 cents.
Jakks also holding talks with Just Play and other suitors
The shutdown of the giant retailer, along with closings by other chains makes it tougher for smaller toy companies to get their products onto shelves. JAKKS … In June, the toy company said it was still exploring alternative transactions. Jakks Pacific shares were trading higher by 13.3% at 85 cents in Friday’s pre-market session.
But the company has recently been forced to deal with mounting debt, recapitalise and extend its debt obligations with an investment group led by Wells Fargo. JAKKS Pacific Announces Receipt of Additional Expression of Interest Monday, 12 August 2019 yahoo. The discussions come as toymakers look to pair up to gain scale and diversify in the wake of the industry-upending Jakks Pacific has licenses to produce action figures and toys for well-known companies including Walt Disney Co., which owns lots of popular brands such as Marvel and Frozen but charges some of the heftiest royalties in the industry. Neither Jakks nor Just Play would confirm the report.It would be the third buyout offer this year for Jakks. The question is will they remain independent,” said Jefferies Financial Group Inc. equity analyst Stephanie Wissink.Bloomberg reported Oct. 8 that New York-based private equity firm Centerbridge Partners was backing a deal by Florida-based Just Play to buy Jakks. Jakks Pacific has reportedly received a takeover offer from Alleghany Corp., the parent company of Jazwares. Aside from unreliable revenue, license-transfer issues could complicate any sale. Jazwares, which produces a line of Fortnite products, earlier this month gobbled up Wicked Cool Toys, the Pennsylvania-based brand that produces Cabbage Patch Kids, bulking up the midsized company. You are leaving the JAKKS website and will be entering another website which may have different terms of use and privacy policies. That offer reportedly … A representative for Just Play didn’t respond to a request for comment. JAKKS Pacific (NASDAQ: JAKK) announces it received an additional non-binding expression of interest to acquire the company. The current profitability levels are settled at -0.15 for the present operating margin and +25.85 for gross margin. The company, which had about $161 million in long term debt at June 30, has seen its shares fall about 69% in the past year.Representatives for Jakks Pacific and Alleghany declined to comment. Jakks Pacific has reportedly received a takeover offer from Alleghany Corp., the parent company of Jazwares. Recent Securities and Exchange Commission filings on Jakks’ debt offerings indicate any sale of Jakks’ must be announced by Oct. 15 and close by the end of the year. Jakks’ executives have tried to bolster the company’s product line with evergreen items such as kids’ furniture and Halloween costumes, but its core business remains other companies’ intellectual property. In September, Bloomberg reported an attempt by Jazwares owner Alleghany Corp. to acquire Jakks for 85 cents a share. Toymaker Jakks Pacific is said to have received a takeover offer from the owner of Jazwares amid a steep slide on its share prices this week. Toy & Edu China and Baby & Stroller China returned alongside debut Licensing China, welcoming 61,553 visitorsShoppers are being urged to hit the high street and support their local businesses during Shop Local Week (10-16 August)The company will be offering retailers a virtual trade-show experience with a virtual tour of what would have been its ...Receive regular updates, latest news and exclusivesThe first podcast based on the award-winning Horrid Henry TV series will launch this week under new ‘Horrid Henry Unlocked’ ...New deals sees hit property’s footprint expand in Asia, Latin America and North AmericaThe Lego Group has revealed its latest Lego Technic model – the Ducati Panigale V4 RTomy has revealed the latest launch from Britains – a New Holland T8.435 TractorBloomberg reports that Alleghany Corp., a New York based insurance and investment firm, this week put in a bid of 85 cents a share to purchase Jakks Pacific, valuing the company at around $27.7m.
Main Features: WWE Plug and Play 5-in-1 TV Game, lay the smack down on your friend no holds barred; With this WWE TV game, you can finally … Photo by Ringo Chiu. It’s reported that the company has had about $161 million in long term debt and has seen its shares fall about 69 per cent in the past year.Both Jakks Pacific and Alleghany have declined to comment on the topic.Earlier this year, Meisheng Cultural and Creative Corp of China offered to buy 51 per cent of Jakks’ shares. The industry depends heavily on China for production, and U.S. toy companies are on edge. Shares in Jakks Pacific have fallen nearly 70 per cent in the past 12 months. But Jakks’ heavy dependence on movie tie-in products means uneven sales with a good season are often followed by a down period. The offer follows a slow start to the year for Jakks, which reported a 10 per cent slump in sales during the most recent quarter and a decline in net profit of more than a third to $17.7m. Jazwares has also drawn interest from other potential buyers, including rival toymaker Just Play, they said.Jakks Pacific rose 18.3% to 90 cents at 3:29 p.m. in New York trading, giving the company a market value of about $29.2 million.
Developer Jakks Pacific. JAKKS Pacific Reports Second …
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