Mattel Stock Surges on Authentic Brands Takeover Interest Report
Mattel Inc. shares are trading up more than 25% following a report that Authentic Brands is interested in a potential takeover of the toy maker. The stock is on track for its largest percentage increase on record and its highest close since March 13.
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07:41:40 PM UTC
SquawkNews
Mattel Inc. (MAT) shares surged more than 23% on Thursday afternoon after the Barbie maker reportedly attracted takeover interest from brand-licensing giant Authentic Brands Group.Authentic has approached Mattel and privately discussed an offer that could value the company at more than $20 a share…
's stock rose more than 25% after a report said Authentic Brands was interested in a possible takeover of the toy maker. 06,