Bratz maker Isaac Larian wants to merge his MGA with Mattel. Barbie isn't interested [Los Angeles Times (CA)]
Mattel, Inc. (MAT)
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Source: Los Angeles Times
Bratz maker Isaac Larian wants to merge his MGA with Mattel. Barbie isn't interested California toy mogul Isaac Larian has spent more than a decade battling his company's bitter rival Mattel Inc. Now, he wants to run it, and guess what? The struggling Barbie-doll maker is having none of it. Last month, Larian made an unsolicited offer to merge his MGA Entertainment Inc. with his crosstown rival in El Segundo — with Larian chairman and CEO of the combined companies. On Thursday, Mattel rejected the idea. Christopher Sinclair, who retired Thursday as executive chairman, wrote to Larian that after the board and its advisors "carefully considered" his proposal, they'd be declining. And they told him not to bother trying again. "The Mattel Board unanimously concluded that this proposal is not in the best interests of Mattel and its shareholders," wrote Sinclair, a former Mattel CEO. "Accordingly, the Board asked that I advise you that Mattel is not interested in further discussing this mat
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MAT
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- 4/23/24 - Beat
MAT
Sec Filings
- 5/10/24 - Form 144
- 5/9/24 - Form 4
- 5/9/24 - Form 144
- MAT's page on the SEC website