Oaktree wants to buy JAKKS Pacific | Key4Communications |

Oaktree Capital Management has made a proposal to acquire all outstanding shares of JAKKS Pacific for $20 per share in cash, and a total value of $670 million. The offer represents a 25% premium over the company's closing stock price as of September 13, the 30-day average closing price of the company's stock leading up to September 13, and the average closing price of the company's stock over the preceding 24 months.

According to the buyer, the Oaktree Funds are making the proposal public after the JAKKS Board's continued refusal to engage in meaningful discussions about the options available for maximizing shareholder value at JAKKS, including an acquisition by the Oaktree Funds. The Oaktree Funds currently hold approximately 4.9% of JAKKS common shares.