WASHINGTON (dpa-AFX) - Toys 'R' Us, Inc., a specialty retailer of toys and juvenile products, withdrew its filing with the U.S. Securities and Exchange Commission for an initial public offering as it determined not to pursue at this time.
In a separate filing, the company reported lower earnings and sales for the fourth quarter and for the full-year 2012. On February 13, 2013, the company announced that Gerald Storch will be transitioning from his role as Chief Executive Officer, while continuing to remain as Chairman of the board.
On July 21, 2005, the company went private as it was acquired by an investment group led by entities advised by or affiliated with Bain Capital Partners, LLC, Kohlberg Kravis Roberts & Co., L.P., and Vornado Realty Trust.
On May 28, 2010, the Wayne, New Jersey-based company filed to go public again through an initial public offering of up to $800 million of its common stock and planned to list the common stock on the New York Stock Exchange under the symbol 'TOYS'.
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