Reuters - Toys R Us Withdraws IPO
Toys R Us Inc. withdrew its proposed initial public offering on Friday, ending months of uncertainty as the world's largest dedicated toy retailer also issued a quarterly report card showing disappointing results for the crucial holiday season. Toys R Us determined not to pursue the IPO due to unfavorable market conditions and executive leadership transition, Toys R Us spokeswoman Kathleen Waugh told Reuters. KKR & Co LP, Bain Capital and Vornado Realty Trust took Toys R Us private in 2005, in a $6.6 billion deal.
1 April 2013•2 mins read
