The boss of Bratz tried to merge with Mattel. Mattel said no thanks [CNNMoney.com]
Mattel, Inc. (MAT)
Last mattel, inc. earnings: 2/13 04:05 pm
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Source: CNNMoney.com
The boss of Bratz tried to merge with Mattel. Mattel said no thanksBratz and Barbie as BFFs: It was the latest unconventional idea from an unconventional toy mogul.But Mattel wouldn't even discuss it.Isaac Larian, founder of the company that owns Bratz dolls and Little Tikes toys, was shot down in his proposal to merge with Mattel (MAT), the troubled parent of Barbie, Fisher-Price, Hot Wheels and American Girl.The rejection came weeks after Larian failed in an initial effort to keep Toys "R" Us in business in the United States.Larian, who is also CEO of the privately held MGA Entertainment, released an exchange of letters with outgoing Mattel Chairman Christopher Sinclair in which Larian suggested a merger of the two companies for an undisclosed price.Under his proposal, he would have been chairman and CEO of the combined company.Mattel completely dismissed the idea."The Mattel board unanimously concluded that this proposal is not in the best interests of Mattel and its shareholders,
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MAT
News
- Mattel to Bring Three Channels to Samsung TV PlusBusiness Wire
- Mattel (MAT) Q1 Earnings Beat, Revenues Miss, Stock Rises [Yahoo! Finance]Yahoo! Finance
- Investors Reward Hasbro, Mattel For Cost Cuts, Inventory Reductions [Forbes]Forbes
- Mattel, Inc. (NASDAQ: MAT) had its price target raised by analysts at Citigroup Inc. from $25.00 to $26.00. They now have a "buy" rating on the stock.MarketBeat
- Mattel, Inc. (NASDAQ: MAT) had its price target raised by analysts at Bank of America Co. from $25.00 to $26.00. They now have a "buy" rating on the stock.MarketBeat
MAT
Earnings
- 4/23/24 - Beat
MAT
Sec Filings
- 4/23/24 - Form 8-K
- 4/18/24 - Form DEFR14A
- 4/17/24 - Form ARS
- MAT's page on the SEC website