Toys R Us Nixes $800M IPO Amid Weakened Sales

Law360, Los Angeles (March 29, 2013, 7:40 PM EDT) -- Toys R Us Inc. on Friday withdrew its proposed $800 million initial public offering, attributing the decision to "unfavorable market conditions," and also released a 2012 earnings report indicating a 2.88 percent drop in annual sales, according to the New Jersey-based company's statements.

The private equity-owned retail giant originally filed its preliminary IPO registration in May 2010, saying it planned to sell as much as $800 million in stock and use the proceeds to pay down debt. The return to publicly traded status would have followed...
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