U.S. toymaker Hasbro makes new approach to buy Mattel: source
Saturday, 11 November 2017 () (Reuters) - Hasbro Inc has made an approach to acquire rival Mattel Inc , a source familiar with the matter said on Friday, the latest attempt to combine the two biggest U.S. toymakers in more than two decades.
Toy giants Mattel and Hasbro are reportedly heading towards a merger. It was reported by The Wall Street Journal last week that Hasbro had proposed the purchase and since the new broke, Mattel has seen an increase in its average share price, rising 21 percent to $17.65. Many speculate that the merger...
A marriage between Rich Uncle Pennybags and Barbie is in the offing, as Hasbro Inc (NASDAQ:HAS) has reportedly made an approach to Mattel Inc (NASDAQ:MAT). Toys... Proactive Investors - BusinessAlso reported by •Newsmax •SeattlePI.com