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Jakks to buy Toymax for $55M.
Byline: Richard Morgan
Video game and action figure producer Jakks Pacific Inc. of Malibu, Calif., agreed Saturday to a two-step $55 million deal to acquire Toymax International Inc., a New York-based toy designer and marketer.
The cash-and-stock transaction initially calls for Toymax's three principal stockholders, with a 64% stake in the company, to sell their stock for $4.50 per …
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