An investment group wants to buy all of Toys R Us Inc., which has been considering splitting its toy retailing business from its more lucrative Babies R Us operations, for nearly $5 billion, The Wall Street Journal reported Thursday.
The group including Cerberus Capital Management LP made an opening offer last month of $23.25 a share for the nation’s second biggest toy retailer.
The Journal said Toys R Us initially was unreceptive to the takeover offer, but that resistance may be easing.
