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Article: Zany Brainy Assets to Be Acquired by Right Start; Sale Expected to Close Within Three Weeks.
- Article from:
- PR Newswire
- Article date:
- August 16, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KING OF PRUSSIA, Pa., Aug. 16 /PRNewswire/ --
Zany Brainy, Inc., a leading specialty retailer of high quality toys, games, books and multimedia products, announced today that the Company has agreed to sell its assets to The Right Start Inc. (Nasdaq: RTST), the largest specialty retailer for high quality developmental, educational and care products for infants and children through age 4. The agreement with The Right Start comes after Zany Brainy received a proposal from The Right Start that was approved by the bankruptcy court this morning. It is anticipated that Waterton Management LLC, the Company's previously announced purchaser, will in lieu of purchasing ...