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BRIEFLY

September 11, 1987

New World Entertainment extended its hostile attempt to take over Kenner Parker Toys, renewing its $47 per share tender offer until Sept. 18. But the Los Angeles movie and comic book company also reserved the option of selling its 8.4% stake in the toy maker, which has negotiated a merger with Tonka Corp. as a means of thwarting a takeover by New World.

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