Kenner Parker begins litigation. (Kenner Parker Toys Inc.)

PR Newswire | August 6, 1987 | Copyright

KENNER PARKER BEGINS LITIGATION

BEVERLY, Mass., Aug. 6 /PRNewswire/ -- In response to the announcement earlier today by New World Entertainment that it would begin within five business days through a wholly owned subsidiary a $41 per share tender offer for Kenner Parker Toys Inc., Kenner Parker stated that if the offer is commenced it would review the offer with its financial and legal advisors. Previously, on July 22, 1987, the board of directors of Kenner Parker unanimously rejected a merger proposal from New World at $41 per share. In its rejection of the ...

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