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Japanese company to proceed with takeover of toy maker RC2

Thomas & Friends trains at a factory in China, Sept. 28, 2007. (Michael Lassman/Chicago Tribune )

Oak Brook toy company RC2 Corp. said Monday that the 30-day period during which it could solicit alternative buyout proposals has ended.

Last month, Japanese rival Tomy Co. agreed to purchase the maker of the Chuggington and Thomas & Friends line toy products in an all-cash deal valued at about $640 million. Get the full story »