Authentic Brands Eyes Barbie-Maker Mattel After CEO Change – Merger Arbitrage Mondays

Mattel, Inc. (MAT): $15.27

Market Cap: $4.44 B

Offer Value: $6 B

Mattel’s stock was on a rollercoaster ride last week. A CEO change followed by a takeover rumor helped the stock rebound after a dismal year that has seen it drop nearly 24%, even after including the jump in price last week.

Mattel is one of the world’s largest toy makers, with iconic brands that include Barbie, Hot Wheels, Fisher-Price, American Girl, Polly Pocket, Monster High, Thomas & Friends, and UNO. In a digital age where a kid is more likely to grab a tablet instead of a physical toy, the company still manages to generate more than $5 billion in annual revenue.

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