Mattel Surges on Report of Authentic Brands Takeover Interest
Mattel shares jumped 19% after The Wall Street Journal reported that the toy maker recently attracted takeover interest from brand-licensing giant Authentic Brands Group.
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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.