Oaktree Offers To Buy Jakks Common Stock

Oaktree Capital Management has proposed to purchase all outstanding shares of Jakks Pacific.

Oaktree Capital Management has proposed to purchase all outstanding shares of Jakks Pacific. The common stock will be acquired for $20 per share in cash.

The deal totals the equity value at nearly $670 million on a fully diluted basis, representing a 25 percent premium over the closing stock price on September 13. Certain funds and accounts managed by Oaktree are among Jakks’ largest shareholders, with an existing collective stake of about 4.9 percent.

Click here for the release from Business Wire.