$6.6 billion buyout by private equity consortium

• $26.75 cash per share
• Background through 5.23.05
• Financing

Announced 3.17.05

• Press release

• Statement re: debenture redemption

Closed 7.21.05

• Press release
• Form 8-K

Employment Matters

• Interests of management

• Three buyout firms involved:

• KKR
• Bain Capital
• Vornado Realty Trust

Advisors

• TOY: CSFB / Simpson Thacher

• TOY Board: Skadden Arps

Agreements

• Merger agreement

Notable terms

• Rights plan amendment
• Advisory agreement

Financing agreements

Proxy solicitation

Definitive proxy statement 5.23.05

• Preliminary proxy statement 5.02.05

Items

• Shareholder approval 6.23.05

Late filing of Form 10-K 4.14.05

Tender offer for senior note component

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