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Mattel is confident as 'standalone company' after report of acquisition offer

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After a private equity firm reportedly approached Mattel with a buyout offer, the El Segundo-based toymaker said it's confident as an independent company.

Following a news report that a private equity firm had approached Mattel with a buyout offer, the El Segundo-based toy company said it is 'confident' in its ability to deliver profits as an independent, publicly traded company. Reuters reported Monday that L Catterton, a firm backed by luxury goods giant LVMH, had made Mattel an acquisition offer. Catterton has $34 billion in assets under management and has made more than 250 investments in consumer brands.

Mattel got a popularity boost last year when a live-action film about the company's iconic Barbie character set box-office records as it grossed more than $1.4 billion and became a cultural phenomenon. Chief Executive Ynon Kreiz has led the push into Hollywood, turning the company’s intellectual property into mainstream films. Mattel Films, the company's production arm, currently has 16 projects in development: J.J.

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Buyout firm L Catterton approaches Mattel with acquisition offer, Reuters sources sayMattel shares jumped 20% to $19.49 following the Reuters report of the approach, giving the toy maker a market value of $6.5 billion.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »