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Stocks M / Mattel, Inc.


Subject:  WSJ says Hasbro in talks to buy Mattel Date:  11/15/2017  10:20 AM
Author:  TMFLifeIsGood Number:  1651 of 1651

Hi Fellow Fools,

We've had reports of merger talks before, but Mattel has never been in this dire a position. At this point, the Barbie car is being repossessed and the Dream House is in foreclosure:

Mattel recently reported third-quarter financial results so dismal that it suspended its dividend and announced drastic cost cutting to shore up its financial position. Now, it seems the company's fiercest rival may be joining the game.

The Wall Street Journal is reporting that Hasbro has made a bid for its ailing competitor, which had seen its market value fall by half this year alone. While terms of the offer have not been disclosed, Mattel had a market cap of about $5 billion before the report surfaced.

Long HAS and MAT
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