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Mattel stock soars on report of Hasbro takeover offer

November 10, 2017 11:21 PM
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Mattel stock soars on report of Hasbro takeover offer

Shares of Mattel soared in after-hours trading Friday after a report that rival Hasbro has made a takeover offer for Mattel. Such a deal could bring together well-known brands like Monopoly, Nerf, Barbie and Hot Wheels.

The Wall Street Journal, citing people familiar with the matter that it did not identify, said Hasbro approached Mattel recently about a deal. Hasbro said it does not comment on "rumors or speculation." Mattel did not immediately respond to a request for comment.

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