Mattel shares rise after reports of takeover interest from Authentic Brands Group
Shares of toymaker Mattel rose Thursday after the Wall Street Journal reported that Authentic Brands Group had expressed interest in buying the toymaker.
TL;DR
- Mattel shares jumped nearly 20% on Thursday.
- The Wall Street Journal reported Authentic Brands Group has shown takeover interest in Mattel.
- A potential offer could value Mattel at over $20 per share, approximately $6 billion.
- Discussions are confirmed as very preliminary.
- This news follows Mattel's announcement of Roger Lynch as its new CEO.