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Author Topic: Toys 'R US sells for $6.6B  (Read 1002 times)

airdomin8

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Toys 'R US sells for $6.6B
« on: March 17, 2005, 08:20:05 PM »

Some highlites from the sale:

Toys R Us Inc. has agreed to be sold to a consortium made up of Vornado Realty Trust, Bain Capital LLC and Kohlberg, Kravis, Roberts & Co. for $6.6-billion (U.S.), the companies announced Thursday.

The group will pay $26.75 in cash for each outstanding share of Toys, an 8-per-cent premium over Wednesday's close of $24.77 on the New York Stock Exchange.

The companies made no mention of what is has planned for the 63 Canadian Toys R Us stores. The Wall Street Journal reported in its Thursday edition that the new owners will likely sell many of its underperforming stores to other retailers but continue operating those that remain under the Toys R Us and Babies R Us banners.

The toy business has been losing market share for years to Wal-Mart and other discounters such as Target.

Full article as follows:

http://www.globeinvestor.com/servlet/ArticleNews/story/RTGAM/20050317/wtoysdone0317
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Brent Peconi

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Re:Toys 'R US sells for $6.6B
« Reply #1 on: March 17, 2005, 08:39:10 PM »

That is a few bucks eh, 6.6 billion. Nearly a buck for every person in the world to put it into scale.....

Maybe they will fix some of the issues of TRU, either that or they will just make cut backs and screw us over more...
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Kaantur_Set

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Re:Toys 'R US sells for $6.6B
« Reply #2 on: March 18, 2005, 04:47:37 PM »

It said that they might sell some of the underperforming stores, none of them would be underperforming if they would update the stock more  than once a year.   ::)
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R5Don4

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Re:Toys 'R US sells for $6.6B
« Reply #3 on: March 18, 2005, 05:28:11 PM »




Ha ha ha ha ha ha ha ha ha ahem,  It is all going as I have forseen it. Boo ha ha ha ah *cough*cough*.
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