P-E firm Oaktree ends talks with Jakks Pacific (JAKK -0.6%) over a standstill pact - when a...

|By:, SA News Editor

P-E firm Oaktree ends talks with Jakks Pacific (JAKK -0.6%) over a standstill pact - when a hostile bidder agrees to limit its holdings in a target company - after the sides were unable to agree to terms. Oaktree has offered $670M for Jakks, which tried to fend off the $20/share bid but eventually bowed to investor pressure to discuss it.