Mattel Inc. MAT, +7.59% stock jumped almost 8% in early Wednesday trading after reports that the toy company turned down a merger offer from MGA Entertainment Inc., the company behind LOL Surprise and the Bratz dolls.
Mattel has struggled with sales declines, but has taken steps to create partnerships and delve more deeply into entertainment, such as a deal with Pixar and an expanded deal with Warner Bros. Mattel shares have rallied 13.4% for the year to date while the S&P 500 index SPX, -0.09% is up 15.2% for the period.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mattel rejects renewed merger bid from rival MGA EntertainmentToymaker Mattel Inc last week rejected another merger offer from Bratz doll make...
Source: Reuters - 🏆 2. / 97 Read more »
Mattel rejects another merger bid from rival MGA EntertainmentBratz doll and L.O.L. Surprise maker MGA Entertainment again offered to merge with Mattel, and Mattel again said no. Surprising that reporter and editor opted not to include the fascinating back story ... Mattel has been at war with Larian for 15 years.
Source: latimes - 🏆 11. / 82 Read more »
Mattel rejects another merger bid from rival MGA EntertainmentBratz doll and L.O.L. Surprise maker MGA Entertainment again offered to merge with Mattel, and Mattel again said no. Surprising that reporter and editor opted not to include the fascinating back story ... Mattel has been at war with Larian for 15 years.
Source: latimes - 🏆 11. / 82 Read more »
Mattel rejects renewed merger bid from rival MGA EntertainmentToymaker Mattel Inc last week rejected another merger offer from Bratz doll make...
Source: Reuters - 🏆 2. / 97 Read more »
States Sue To Block Sprint T-Mobile Merger, Putting Deal In Jeopardy
Source: Forbes - 🏆 394. / 53 Read more »