Boyds Collection enters agreement to sell 11.8 million shares of common stock

By Caroline Salls

Pittsburgh, Oct. 28 - The Boyds Collection Ltd. entered into a securities purchase agreement with KKR Fund 1996 LP and D.E. Shaw Laminar Portfolios, LLC, under which KKR sold D.E. Shaw 11.8 million shares of Boyds' common stock, according to an 8-K filing with the Securities and Exchange Commission.

Boyds, a Gettysburg, Pa., designer and manufacturer of gifts and collectibles, filed for bankruptcy on Oct. 16 in the U.S. Bankruptcy Court for the District of Maryland. Its Chapter 11 case number is 05-43863.

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