Jakks Pacific Ends Bid for Rival Toy Company
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Bloomberg News
Toy maker Jakks Pacific Inc. ended an agreement to buy 21st Century Toys Inc., a maker of military action figures and accessories, after the two companies failed to agree on a price and other issues.
Jakks, which is based in Malibu, didn’t release details and would not comment on whether it will pay a termination fee.
Jakks shares rose $1.10 to $20.95 on Nasdaq. Alameda, Calif.-based 21st Century Toys is privately held.
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