Lewis Galoob Toys Hires Adviser: The money-losing...
From Times Staff and Wire Reports
Lewis Galoob Toys Hires Adviser: The money-losing toy company, based in South San Francisco, said it hired the investment banking firm Bear, Stearns & Co. to explore “financial alternatives.” Chief Executive David Galoob said the company might seek a “strategic alliance” to enhance its position in the toy industry and improve value for shareholders. The alternatives, Galoob said, could include a merger or “somebody coming in and putting in equity, possibly a toy company.” The company expects in the next two weeks to report a big loss for 1990.
