|Published:||May 28, 2010 12:03 PM EDT|
|Updated:||May 28, 2010 9:04 AM EDT|
NEW YORK (AP) - Toy retailer Toys "R" Us plans to go public
again by raising as much as $800 million in an initial public
The retailer of toys and other products for infants and children
says in a securities filing that it will use the proceeds from the
offering to pay off some of its debt and for general corporate
purposes. It did not say how many shares it will sell.
Toys "R" Us Inc., based in Wayne, N.J., was acquired for $6.6
billion and taken private in 2005 by a group of investors led by
Bain Capital, Kohlberg Kravis Roberts and Vornado Realty Trust as
it was facing competitive pressure from discounters and Internet
Toys "R" Us operates or licenses more than 1,500 stores under
the Babies "R" Us, FAO Schwarz and its namesake banners.