September 30, 2009

Toy "R" Us To Delist Ailing Japan Unit

Toy "R" Us - Japan Ltd announced that an investment company affiliated with its US parent will launch a tender offer for its stock. The Japanese firm will be delisted from the Jasdaq Securities Exchange upon the successful conclusion of the deal. The investment company seeks to acquire all outstanding stock by offering 597 yen per share, a sizeable premium over the current stock price of 371 yen. The Japanese unit is struggling amid weak consumer spending. The US parent aims to boost its operating efficiency under private ownership.

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