Tonka Board Backs Buyout: Tonka Corp.’s board...
From Times Staff and Wire Reports
Tonka Board Backs Buyout: Tonka Corp.’s board recommended that shareholders accept a new buyout offer from Hasbro Inc. that offers less money for Tonka stock and more for its bonds. Under the new offer, announced earlier this week, Tonka shareholders would receive $5 a share in cash, down from $7 in the previous offer. Hasbro is the nation’s largest toy maker.
