Mattel Attracts Takeover Interest from Authentic Brands Group, Shares Surge 36%
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The Wall Street Journal reported that Authentic Brands Group has expressed acquisition interest in Mattel, the toy company known for brands like Barbie and Hot Wheels. According to the report, Authentic has been discussing a potential takeover offer that could value Mattel at more than $20 per share. A Mattel spokesperson declined to comment, stating the company does not address market rumors or speculation. Authentic Brands Group did not respond to an emailed request for comment. Following the news, Mattel's stock price surged as much as 36% in trading, reflecting strong investor enthusiasm for a possible deal. The report is based on unnamed sources familiar with the matter, and no formal offer has been confirmed.
Source report
According to a report by The Wall Street Journal, Mattel has drawn acquisition interest from Authentic Brands Group.
Authentic Brands Group has been discussing a potential acquisition offer that could value Mattel at more than $20 per share.
A spokesperson for Mattel declined to comment, stating that the company does not comment on market rumors or speculation. Authentic Brands Group did not respond to a request for comment sent via email.
Following the news, Mattel's share price surged as much as 36%.
Source
domesticNeutral / independent