UNAUDITED PRO FORMA COMBINED FINANCIAL INFORMATION Introduction to Unaudited Pro Forma Combined Financial InformationAsset Purchase Agreement • June 18th, 2008 • Russ Berrie & Co Inc • Dolls & stuffed toys
On April 1, 2008, a newly-formed and indirect, wholly-owned Delaware subsidiary of the Company, LaJobi, Inc. (“LJ”), entered into an Asset Purchase Agreement (the “Asset Agreement”) with LaJobi Industries, Inc., a New Jersey corporation (“LaJobi”), and each of Lawrence Bivona and Joseph Bivona, for the purchase of substantially all of the assets used in the business of LaJobi and specified obligations. The transactions contemplated by the Asset Agreement (the “Asset Purchase”) were consummated as of April 2, 2008. Capitalized terms used but undefined herein shall have the meanings ascribed to them in the Asset Agreement, which is filed as Exhibit 2.3 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2007, as amended (the “2007 10-K”).
