Mattel rejects another merger bid from rival MGA Entertainment

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Bratz dolls and Barbies won't be sisters, at least not yet.

“They’re not delivering. Look at the results,” Larian said in an interview.

Larian again did not propose a specific price for publicly held Mattel, saying an investment banker or other outside party could help determine an appropriate figure. But he said that “absolutely” it would be at a premium to Mattel’s current market price. In a letter to Mattel Chairman and CEO Ynon Kreiz that reiterated MGA’s merger offer, Larian listed several financial metrics to illustrate Mattel’s problems, including ongoing operating losses, a higher debt load and lower shareholders’ equity.on sales of $4.5 billion, but the company has said its turnaround is taking shape thanks to a widened marketing of Mattel’s well-known toy brands — especially in the entertainment and digital fields — and to a $650-million cost-cutting plan.

 

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Surprising that reporter and editor opted not to include the fascinating back story ... Mattel has been at war with Larian for 15 years.

این خبر را خلاصه کرده ایم تا بتوانید سریع آن را بخوانید. اگر به خبر علاقه مند هستید، می توانید متن کامل را اینجا بخوانید. ادامه مطلب:

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