Oaktree Re-Enters Toy Maker Takeover Fray With New Offer

Law360, New York (August 24, 2012, 5:27 PM EDT) -- California private equity firm Oaktree Capital Management has made a revised proposal for a standstill merger agreement with toy maker Jakks Pacific Inc., Jakks said Thursday, two months after Oaktree pulled out of talks to acquire the company.

The toy maker announced in a filing with the U.S. Securities and Exchange Commission that Oaktree divested its minority stake in Jakks, then contacted the company Aug. 13, seeking to reopen takeover talks.

"The company received a revised draft of the proposed agreement from Oaktree, along with a...
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