Summary Box: Toys R Us plans to raise as much as $800 million in initial public offering
By APFriday, May 28, 2010
Summary Box: Toys R Us plans IPO
IPO PLANS: Toy seller Toys R Us Inc. plans an initial public offering that could raise as much as $800 million.
BACKGROUND: The company, based in Wayne, N.J., first went public in 1978. It was taken private in a $6.6 billion 2005 buyout by investors led by Bain Capital, Kohlberg Kravis Roberts and Vornado Realty Trust.
ANALYST TAKE: BMO Capital Markets analyst Gerrick Johnson said the timing for the IPO makes sense because the toy industry is doing well and Toys R Us has been taking market share from key competitors.
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