JAKKS Pacific Inc. Announces Pricing of Public Offering
MALIBU, Calif.--(BUSINESS WIRE)--Dec. 3, 1999--JAKKS Pacific Inc. (Nasdaq:JAKK - news) today announced the pricing of its public offering of 3 million shares of the company's common stock at a price of $25 per share.
Of the shares being offered, 2,444,444 are being sold by the company, and the remaining 555,556 will be sold by selling stockholders.
The underwriters of this offering have an option exercisable by their representatives -- Donaldson, Lufkin & Jenrette Securities Corp., Advest Inc., Morgan Keegan & Company Inc. and DLJdirect Inc. -- to purchase up to 450,000 additional shares to cover over-allotments, 366,667 of which will be sold by the company, and the remaining 83,333 of which will be sold by selling stockholders, if the option is exercised in full.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the prospectus may be obtained from Donaldson, Lufkin & Jenrette Securities Corp., New York.
JAKKS Pacific is a multi-brand toy company that designs, develops, produces and markets toys and related products, including (1) action figures and accessories featuring licensed characters, principally from the World Wrestling Federation®, (2) Flying Colors® molded plastic activity sets, clay compound playsets and lunch boxes, (3) Road Champs® die-cast collectible and toy vehicles and Remco® toy vehicles and role-play toys and accessories, (4) Child Guidance® infant and preschool electronic toys, toy foam puzzle mats and blocks and activity sets and outdoor products, and (5) fashion and mini dolls and related accessories.
''Safe Harbor'' Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements. Such statements reflect the current views of the company with respect to future events and are subject to certain risks, uncertainties and assumptions. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual future results or events may vary materially from those described herein.
------------------------------------------------------------------------
Contact:
JAKKS Pacific Inc., Malibu
Stephen Berman, 310/456-7799
or
Silverman Heller Associates, Los Angeles
Philip Bourdillon/Eugene Heller, 310/208-2550 |
