JAKKS PACIFIC, INC. (NASDAQ:JAKK) Files An 8-K Other EventsItem 8.01. Other Events.
On January 25, 2018 we received a letter (the “Letter”) from Hong Kong Meisheng Cultural Company Limited, a wholly owned subsidiary of Meisheng Cultural and Creative Corp., Ltd. (“Meisheng”), expressing Meisheng’s interest in acquiring additional shares of our common stock for $2.95 per share for the purpose of increasing its shareholding and voting rights to 51.0%. Meisheng currently owns 18% of our outstanding common stock. This only purports to be a summary of the provisions of the Letter and is qualified in its entirety by the terms of the full Letter, a copy of which is filed as an exhibit hereto.
Item 9.01. Financial Statements and Exhibits.
JAKKS PACIFIC INC ExhibitEX-99.1 2 tv484145_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 January 25,…To view the full exhibit click
About JAKKS PACIFIC, INC. (NASDAQ:JAKK)
JAKKS Pacific, Inc. is a multi-line, multi-brand toy company. The Company designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products. The Company operates through two business segments: traditional toys and electronics, and role play, novelty and seasonal toys. The traditional toys and electronics segment includes action figures, vehicles, playsets, plush products, dolls, accessories, electronic products, construction toys, infant and pre-school toys, foot to floor ride-on vehicles, wagons and pet products and related products. The role play, novelty and seasonal segment includes role play and dress-up products, novelty toys, seasonal and outdoor products, indoor and outdoor kids’ furniture and Halloween and everyday costume play.