“This merger further enables Tomy to move towards our goal of increasing our global profile adding significant additional business in North America and Europe, creating a stronger global platform for future growth,” says Kantaro Tomiyama, president and chief executive officer of Tomy. “We have known and admired RC2’s excellent team and their achievements over their 22-year history, and look forward to their contribution to our combined group. The operational fit and future growth prospects make this an excellent transaction for our customers, employees and shareholders.”
“This is an exciting day for all of us at RC2 and we couldn’t
Under the terms of the merger agreement, RC2 may solicit acquisition proposals from third parties for a period of 30 calendar days continuing through April 9. The merger agreement provides Tomy with a customary right to match a superior proposal.
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