Jakks Pacific Inc., the maker of Disney Fairies dolls and Pokemon cards, is betting share buybacks and a poison pill will force Oaktree Capital Management LP to boost the cheapest bid on record for a toy company.
Republican presidential candidate Herman Cain holds a virtual tie with former Massachusetts Governor Mitt Romney in a national survey of Republicans conducted amid reports of sexual harassment complaints Cain faced as head of a Washington trade group in the 1990s.
Facing allegations of personal misconduct during his tenure running the National Restaurant Association, Republican presidential candidate Herman Cain confronted pressure within his party to lift confidentiality restrictions on women who accused him of sexual harassment when he led the Washington trade organization in the 1990s.
Herman Cain raised $1.6 million in the five days after sexual harassment allegations surfaced on Oct. 30, showing claims about his conduct as head of the National Restaurant Association in the 1990s aren’t slowing momentum for his presidential bid, his campaign said.
Jakks Pacific Inc., which rejected the cheapest offer for a toy company on record, may now have to accept an even lower bid after the maker of Hello Kitty, Pokemon and Smurfs character goods cut its sales forecast.