May 4, 2018
Jakks CEO Berman
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MANUFACTURING: Toy company remains a top target
Just Play may make a play to buy struggling toymaker Jakks Pacific.
A Chinese company’s bid to take over struggling Santa Monica toymaker Jakks Pacific Inc. appears to be coming to a close, according to a Feb.26 Securities and Exchange Commission filing that suggest the deal hinges on restructuring the company’s debt.
Santa Monica-based Jakks Pacific has authorized its advisors to begin negotiations on a takeover offer received in January from Hong Kong-based Meisheng Cultural Co., the toymaker announced in its third quarter earnings call.
Organizations to host trade-related events throughout month
The business community in L.A. County, which set the pace on World Trade Week nearly 100 years ago, is getting set for the latest annual celebration.