Buyout Barbie? Mattel Stock Jumps on Reports of Takeover Interest.
Mattel(MAT) Investor Place·2024-07-23 02:16
Toy manufacturer and entertainment specialist Mattel (NASDAQ:MAT) generated business headlines earlier today on reports of a takeover interest. According to Reuters, private equity firm L Catterton — which is backed by luxury goods brand LVMH (OTCMKTS:LVMUY) — offered to buy out the toy company. Mattel stock likely jumped as prior efforts to turn the ship around have not succeeded.Per the report, the news of the asset management firm’s interest in acquiring the entertainment specialist may prompt competing ...