April 13, 2018 / 12:31 PM / 6 months ago

BRIEF-MGA Entertainment Says CEO Isaac Larian Put In Formal Bid To Buy Both Toys"R"Us U.S and Canada Stores

April 13 (Reuters) - Toys R US Inc IPO-TOYS.N:

* MGA ENTERTAINMENT SAYS CEO ISAAC LARIAN PUT IN FORMAL BID OF $675 MILLION TO BUY BOTH U.S STORES AS WELL AS $215 MILLION TO BUY TOYS”R”US STORES IN CANADA

* FUNDS TO PURCHASE U.S., CANADIAN STORES WILL COME FROM LARIAN’S OWN COFFERS, ADDITIONAL INVESTORS AND BANK FINANCING Source text for Eikon: Further company coverage:

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