Mattel shares rise sharply on Thursday after reports that Authentic Brands Group has shown interest in acquiring the toy maker. Multiple outlets cite a Wall Street Journal report that Authentic Brands Group has been discussing a potential offer.
According to the reports, any potential bid could value Mattel at more than $20 per share, with one estimate suggesting a valuation of around $6 billion or more. The coverage is largely focused on the market reaction: Mattel’s stock jumps, with one outlet noting a gain of about 19% following the news. The reporting centers on the existence of preliminary discussions and the implied offer price, rather than confirmation of a formal bid.
While the outlets differ mainly in how they describe the figures and the emphasis placed on the stock movement, they agree on the core points: Authentic Brands Group is the reported suitor, the interest is tied to a potential offer above $20 a share, and the announcement triggers a notable rise in Mattel’s shares.
