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BUSINESS
December 31, 1996 | JENNIFER OLDHAM, TIMES STAFF WRITER
Mattel Inc.'s proposed acquisition of rival Tyco Toys Inc. will be delayed by closer federal scrutiny of competitive concerns raised by the deal between America's No. 1 and No. 3 toy makers. Mattel said Monday that the Federal Trade Commission has asked the El Segundo-based toy maker and Tyco to provide more information on their proposed $755-million merger agreement announced in November.
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BUSINESS
December 4, 1997 | MARLA MATZER, SPECIAL TO THE TIMES
Move over, Beanie Babies. The hot toy this season is Sing & Snore Ernie, a toddler's toy, based on a "Sesame Street" character, that makes snoring sounds. With the toy already in short supply, a speculative market is cropping up for the $30 battery-operated doll that also sings a bedtime tune. In classified newspaper ads and on the Internet, opportunists are hawking Ernie for more than 10 times its retail price.
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BUSINESS
November 19, 1996 | GEORGE WHITE, TIMES STAFF WRITER
Mattel Inc. on Monday announced an agreement to buy Tyco Toys Inc. in a $755-million stock deal that would move Tyco's Matchbox cars and Sesame Street figures into the House of Barbie. El Segundo-based Mattel, which also makes the popular Hot Wheels and Cabbage Patch Kids, said the combined company will have $5 billion in sales and 19% of the U.S. market in its first year. Mattel currently has about 16% of the market. Tyco, based in Mt. Laurel, N.J.
BUSINESS
November 18, 1997 | From Times Wire Services
State Atty. Gen. Dan Lungren on Monday joined a multi-state action against toy retailer Toys R Us and four major toy makers, alleging price-fixing conspiracies on popular toys. Lungren and 36 other state prosecutors joined in a suit filed Oct. 2 in New York against Toys R Us Inc., Mattel Inc., Hasbro Inc., Tyco Toys Inc. and Rubbermaid Inc.'s Little Tikes Inc.
BUSINESS
March 21, 1997 | GEORGE WHITE, TIMES STAFF WRITER
Mattel Inc. won Federal Trade Commission approval Thursday to buy Tyco Toys Inc. in a $755-million stock deal that will place Tyco's Tickle Me Elmo and Matchbox cars under the same corporate roof as Hot Wheels and Barbie. About 2,700 jobs--nearly 10% of the combined work force--will be eliminated as the two companies are integrated, Mattel said.
BUSINESS
January 29, 1993 | From Times Staff and Wire Reports
Warner Bros. Makes Toy Deal: Tyco Toys Inc. has gained exclusive rights to market products featuring Warner Bros. Looney Tunes cartoon characters such as Bugs Bunny, Tweety Bird and Daffy Duck. New Jersey-based Tyco plans to introduce a wide array of products under the deal, including action figures, remote-controlled toys, walkie-talkies and board games.
BUSINESS
July 4, 1991 | From Reuters
Tyco Toys Inc. said Wednesday that it had bought out and retired its controversial chairman, Benson Selzer, and his board-member sons, John and Geoffrey. Wall Street applauded the announcement and sent the shares of Mt. Laurel, N.J.-based Tyco up $1.875 to $19.875 on the over-the-counter market. Analysts said the departure of three key board members will raise the toy maker's standing with investors.
BUSINESS
November 22, 1996 | Times Staff and Wire Reports
Tyco Toys Inc. said it and Mattel Inc. will amend their purchase agreement to create a Mattel preferred stock, easing a problem with some investors that threatened the $755-million sale. Holders of Tyco's Series C preferred shares, which pay an 8.25% dividend, will get newly issued Mattel preferred stock that has an equal value, said a spokesman for Mount Laurel, N.J.-based Tyco.
BUSINESS
November 18, 1997 | From Times Wire Services
State Atty. Gen. Dan Lungren on Monday joined a multi-state action against toy retailer Toys R Us and four major toy makers, alleging price-fixing conspiracies on popular toys. Lungren and 36 other state prosecutors joined in a suit filed Oct. 2 in New York against Toys R Us Inc., Mattel Inc., Hasbro Inc., Tyco Toys Inc. and Rubbermaid Inc.'s Little Tikes Inc.
BUSINESS
February 6, 1997 | From Times Wire Services
The doll that couldn't stop chewing took a bite out of toy maker Mattel Inc.'s fourth-quarter earnings, the company reported Wednesday. The El Segundo-based toy giant took an $8-million charge to after-tax earnings related to its Cabbage Patch Snacktime Kids doll, which was pulled from the market after several children got their hair and hands stuck in the dolls' mouths. Mattel, which offered a $40 refund to each owner of the dolls, said the move trimmed its sales by $10 million.
BUSINESS
March 21, 1997 | GEORGE WHITE, TIMES STAFF WRITER
Mattel Inc. won Federal Trade Commission approval Thursday to buy Tyco Toys Inc. in a $755-million stock deal that will place Tyco's Tickle Me Elmo and Matchbox cars under the same corporate roof as Hot Wheels and Barbie. About 2,700 jobs--nearly 10% of the combined work force--will be eliminated as the two companies are integrated, Mattel said.
BUSINESS
February 6, 1997 | From Times Wire Services
The doll that couldn't stop chewing took a bite out of toy maker Mattel Inc.'s fourth-quarter earnings, the company reported Wednesday. The El Segundo-based toy giant took an $8-million charge to after-tax earnings related to its Cabbage Patch Snacktime Kids doll, which was pulled from the market after several children got their hair and hands stuck in the dolls' mouths. Mattel, which offered a $40 refund to each owner of the dolls, said the move trimmed its sales by $10 million.
BUSINESS
December 31, 1996 | JENNIFER OLDHAM, TIMES STAFF WRITER
Mattel Inc.'s proposed acquisition of rival Tyco Toys Inc. will be delayed by closer federal scrutiny of competitive concerns raised by the deal between America's No. 1 and No. 3 toy makers. Mattel said Monday that the Federal Trade Commission has asked the El Segundo-based toy maker and Tyco to provide more information on their proposed $755-million merger agreement announced in November.
BUSINESS
November 22, 1996 | Times Staff and Wire Reports
Tyco Toys Inc. said it and Mattel Inc. will amend their purchase agreement to create a Mattel preferred stock, easing a problem with some investors that threatened the $755-million sale. Holders of Tyco's Series C preferred shares, which pay an 8.25% dividend, will get newly issued Mattel preferred stock that has an equal value, said a spokesman for Mount Laurel, N.J.-based Tyco.
BUSINESS
November 19, 1996 | GEORGE WHITE, TIMES STAFF WRITER
Mattel Inc. on Monday announced an agreement to buy Tyco Toys Inc. in a $755-million stock deal that would move Tyco's Matchbox cars and Sesame Street figures into the House of Barbie. El Segundo-based Mattel, which also makes the popular Hot Wheels and Cabbage Patch Kids, said the combined company will have $5 billion in sales and 19% of the U.S. market in its first year. Mattel currently has about 16% of the market. Tyco, based in Mt. Laurel, N.J.
BUSINESS
January 29, 1993 | From Times Staff and Wire Reports
Warner Bros. Makes Toy Deal: Tyco Toys Inc. has gained exclusive rights to market products featuring Warner Bros. Looney Tunes cartoon characters such as Bugs Bunny, Tweety Bird and Daffy Duck. New Jersey-based Tyco plans to introduce a wide array of products under the deal, including action figures, remote-controlled toys, walkie-talkies and board games.
BUSINESS
December 4, 1997 | MARLA MATZER, SPECIAL TO THE TIMES
Move over, Beanie Babies. The hot toy this season is Sing & Snore Ernie, a toddler's toy, based on a "Sesame Street" character, that makes snoring sounds. With the toy already in short supply, a speculative market is cropping up for the $30 battery-operated doll that also sings a bedtime tune. In classified newspaper ads and on the Internet, opportunists are hawking Ernie for more than 10 times its retail price.
BUSINESS
December 11, 1992 | From Times Staff and Wire Reports
The Ad Council on Thursday called on Tyco Toys to withdraw "Incredible Crash Dummies," one of the year's most popular toys, because the toy jeopardizes its campaign to get people to wear seat belts. The toy dummies, which fly apart when driven into a toy crash wall, resemble the dummies used in the council's public service announcements to remind motorists to use their seat belts. The toy dummies are under five inches tall.
BUSINESS
December 11, 1992 | From Times Staff and Wire Reports
The Ad Council on Thursday called on Tyco Toys to withdraw "Incredible Crash Dummies," one of the year's most popular toys, because the toy jeopardizes its campaign to get people to wear seat belts. The toy dummies, which fly apart when driven into a toy crash wall, resemble the dummies used in the council's public service announcements to remind motorists to use their seat belts. The toy dummies are under five inches tall.
BUSINESS
July 4, 1991 | From Reuters
Tyco Toys Inc. said Wednesday that it had bought out and retired its controversial chairman, Benson Selzer, and his board-member sons, John and Geoffrey. Wall Street applauded the announcement and sent the shares of Mt. Laurel, N.J.-based Tyco up $1.875 to $19.875 on the over-the-counter market. Analysts said the departure of three key board members will raise the toy maker's standing with investors.
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