On June 20, it posted a statement on its website, noting the Thomas & Friends toys recalled by
RC2, and acknowledging that
RC2 is a Sesame Street licensee.
Tomy further said it had managed to secure 89.8% of
RC2's outstanding capital until the end of the initial and subsequent offering periods.
(Tokyo Stock Exchange, First Section:7867) (Tomy) has signed a definitive agreement to acquire
RC2 Corporation (NASDAQ:RCRC) via an all-cash tender offer and second-step merger worth about USD640m.
The buyer needs to acquire a majority of
RC2's outstanding stock during the acceptance period in order to proceed with the transaction.
Japan's toy and infant products maker Tomy Company (TYO:7867) said it had agreed to buy US sector player
RC2 Corporation (NASDAQ:RCRC) for some USD640m (EUR463.2m) in cash.
The Backyardigans
RC2 Brands Die-cast toy vehicles,
The completion of the deal was announced in a statement by closed-ended investment firm Reconstruction Capital II (LON:RC2), or
RC2, which previously sold back its 9.41% stake in Agripoint to EPH for EUR3.8m.