Terms Announced: MCA Inc., which agreed to...

Terms Announced: MCA Inc., which agreed to sell its troubled LJN Toys unit to Acclaim Entertainment Inc. in March, has finally ironed out the financial terms of the sale. Acclaim will transfer certain LJN assets to MCA in exchange for MCA giving Acclaim $1 million in cash, up to $2 million worth of Acclaim stock and a share of proceeds from future sales of Acclaim stock. The Acclaim stock was obtained by MCA as a down payment for Acclaim’s purchase of LJN. Acclaim has, in turn, waived certain restrictions governing the sale of the shares of its stock owned by MCA.