Hasbro-Mattel merger rumor just won't die [CNN]
Mattel, Inc. (MAT)
Last mattel, inc. earnings: 2/13 04:05 pm
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Source: CNN
Hasbro-Mattel merger rumor just won't die It seems like people really want toymakers Mattel and Hasbro to get together. Shares of Mattel ( MAT ) soared 10% Tuesday on no news. The stock only gave up a little bit of those gains Wednesday, falling about 2%. Hasbro ( HAS ) rose 4% Tuesday and another 2% Wednesday. Investors have dreamed about a possible merger between the two companies since November, following a story in the Wall Street Journal that said Hasbro was going to make a bid. Reuters later reported that Mattel turned Hasbro's offer down. A spokesperson for Mattel told CNNMoney Tuesday that the company had no comment on the new speculation. Hasbro did not get back to CNNMoney. A marriage of the two companies could make sense. It would unite Hasbro, the owner of Mr. Potato Head, Monopoly, Tonka, My Little Pony and most Disney ( DIS ) toy licenses, with Mattel, the parent of Fisher-Price, Thomas and Friends, Barbie and Hot Wheels. The companies may be running out of time
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News
- 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
- Why Mattel Stock Jumped This Morning [Yahoo! Finance]Yahoo! Finance
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