Mattel, Inc. (MAT) Expands Playing Field With Mega Brands Buy – ValueWalk Premium

Mattel, Inc. (MAT) Expands Playing Field With Mega Brands Buy

Mattel, Inc. (NASDAQ:MAT), the world’s largest toy maker by sales, has announced today a definitive agreement to buy Canada’s Mega Brands Inc. (TSE:MB) for about $460 million.

The deal envisages Mega Brands Inc. (TSE:MB) shareholders receiving C$17.75 a share, a premium of 36% over where Mega shares closed Thursday.
Mattel expands into fastest growing segments
Mattel, Inc. (NASDAQ:MAT)’s acquisition through a wholly-owned subsidiary of Mattel Inc. would advance Mattel’s global growth strategy of building . . .

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