Why Mattel Shares Are Trading Higher Today

  • Mattel Inc MAT has held talks with private-equity firms about a potential sale, the Wall Street Journal reported.
  • The company held informal talks with firms including Apollo Global Management Inc APO and L Catterton.
  • The report gains significance as the toymaker completed its corporate turnaround in February.
  • Mattel's owned portfolio includes Barbie, Hot Wheels, Fisher-Price, Thomas & Friends, and American Girl.
  • Also ReadMattel Wins Back Frozen And Disney Princess Rights: Why Investors Are Cheering
  • Price Action: MAT shares are trading higher by 11.4% at $24.64 in premarket on the last check Wednesday.
  • Photo By Vindiga_Street Via Pixabay

 

Posted In: Briefswhy it's movingNewsRumorsTop StoriesMoversMediaTrading IdeasGeneral