RC2

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Japanese toymaker preparing bid for RC2

Tomy Co.  plans to buy major U.S. toymaker RC2 Corp. for an estimated 50 billion yen ($604 million) to offset dwindling domestic demand, Japanese newspaper The Nikkei reported early Friday.

Tomy, which will make an announcement as soon as Friday, is likely to mount a tender offer for RC2. If successful, it will be one of the largest overseas acquisitions by a Japanese toymaker. Get the full story »