Hasbro makes offer to takeover Mattel in effort to monopolize US toy business
Friday, 10 November 2017 () Hasbro has made a takeover offer to competitor Mattel in a deal that would unite the two largest toy makers in the United States. Details of the deal have not been disclosed, only that Hasbro’s approached the El Segundo, California-based company recently, according to The Wall Street Journal. The deal was reported by sources close to the situation and may not officially materialize, the newspaper reported. Hasbro (NASDAQ: HAS), based in Pawtucket, Rhode Island, maintains brands such as Nerf,…
Hasbro has made a bid to acquire rival toymaker Mattel. Hasbro made the takeover offer in recent months and while details about the offer are unknown as is whether or not Hasbro and Mattel have been in any further talks about the offer, a deal would combine the two largest U.S. toymakers. The...
GI Joe and Barbie could be set to shack up within the same company after toy making giant Hasbro made an offer to buy rival Mattel, according to... City A.M. - BusinessAlso reported by •WorldNews •Newsmax •NYTimes.com •thisismoney.co.uk
Shares of Mattel Inc. soared Monday morning after a report that rival Hasbro Inc. made a takeover offer for the El Segundo toy maker.
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