March 26, 2018 / 10:31 AM / 6 months ago

BRIEF-JAKKS Pacific Announces Update On Special Committee Process

March 26 (Reuters) - Jakks Pacific Inc:

* JAKKS PACIFIC ANNOUNCES UPDATE ON SPECIAL COMMITTEE PROCESS

* JAKKS PACIFIC INC - SPECIAL COMMITTEE AUTHORIZED TO NEGOTIATE WITH MEISHENG, CONSIDER OTHER POTENTIAL STRATEGIC ALTERNATIVES

* JAKKS PACIFIC - HAS ENGAGED & IS ACTIVELY WORKING WITH BANK OF AMERICA MERRILL LYNCH, AND SKADDEN, ARPS, SLATE, MEAGHER & FLOM, LLP

* JAKKS PACIFIC INC - SPECIAL COMMITTEE ALSO AUTHORIZED TO SOLICIT AND CONSIDER ALTERNATIVE TRANSACTIONS

* JAKKS PACIFIC - BOARD’S SPECIAL COMMITTEE ESTABLISHED TO REVIEW, EVALUATE PROPOSAL DATED JAN 25 FROM HONG KONG MEISHENG CULTURAL CO LTD

* JAKKS PACIFIC - HONG KONG MEISHENG CURRENTLY OWNS SHARES OF CO’S COMMON STOCK CONSTITUTING ABOUT 18% OF CO’S ISSUED SHARES Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below