Toys "R" Us Sold For Around $6.6 Billion

Toys "R" Us, which has over 1,500 stores around the world and 200 Babies "R" Us stores in the U.S, is being bought out by a group of private investors. On June 22, 2005, present stockholders voted to approve the merger agreement by ninety-eight percent.

Stockholders will receive $26.75 per share in cash in a deal estimated to be worth approximately $6.6 billion. The buyout should be complete by the end of July 2005.

by lindsay
06/25/2005 08:00PM
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