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Harwood Feffer LLP Announces Investigation of JAKKS Pacific, Inc.

^{Published on 2011-09-15 08:53:07 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Harwood Feffer LLP ([ www.hfesq.com ]) is investigating potential claims against the board of directors of JAKKS Pacific, Inc. ("JAKKS" or the "Company") (NASDAQ: JAKK) concerning the proposed acquisition of the Company by Oaktree Capital Management, L.P. (aOaktreea) in a transaction valued at approximately $670 million.

On September 14, 2011, Oaktree announced that certain funds it manages have made a proposal to acquire all outstanding shares of JAKKS. Under the terms of the proposal, JAKKS stockholders will receive $20.00 in cash for each share of JAKKS common stock held.

Our investigation concerns whether the board of directors of the Company is undertaking a fair process to obtain fair consideration for all stockholders of JAKKS. Oaktree claims that the JAKKS board of directors has arepeatedly declined to pursue meaningful discussionsa in connection with the proposal to take the company private. Analysts have set target prices for the stock between $22.00 and $24.00 per share.

If you own shares of Global Industries and would like to learn more about these claims or if you wish to discuss this matter and have any questions or information concerning this announcement, please contact Matthew Houston, Esq. at [ mhouston@hfesq.com ] or Benjamin Sachs-Michaels at [ bsachsmichaels@hfesq.com ]. You may also call them at (877) 935-7400. For more information about class actions, or to sign up online, please visit our website: [ www.hfesq.com ].

Harwood Feffer LLP is a national shareholder litigation firm. Harwood Feffer LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP ([ www.hfesq.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter.