Market Overview

Mattel Moving On M&A Reports

Mattel Moving On M&A Reports

Mattel Inc (NASDAQ: MAT) shares are trading higher after the company rejected an unsolicited merger offer from rival toymaker MGA Entertainment, according to the Los Angeles Times.

Isaac Larian, the founder and chief executive of MGA, confirmed Tuesday that last month he renewed his offer to merge the companies. He made his initial overture a year ago and said Mattel's "have worsened since then."

Related Link: Toying With Tariffs: Trade War With Mexico Could Hurt Mattel, While China Spat Affects Hasbro

Earlier Wednesday, traders circulated speculation from Dealreporter suggesting Hasbro, Inc. (NASDAQ: HAS) is "eyeing" Mattel. Shortly after that news hit, a Dealreporter analyst tweeted "Periodic reminder that Dealreporter aggregation is generally not accurate."

Mattel shares traded higher by 8.5% at $11.74 per share at time of publication.

Posted-In: Los Angeles Times MGA EntertainmentM&A News Rumors Media Best of Benzinga


Related Articles (HAS + MAT)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at