Hot Wheels Maker Mattel Jumps On Buyout Buzz - Mattel (NASDAQ:MAT)

Authentic Brands Group has reportedly approached Mattel about a potential $6 billion acquisition, offering more than $20 per share. Mattel has named Roger Lynch as its new CEO, which may complicate the deal. Investors, including Southeastern Asset Management, have urged Mattel to consider a sale.

Authentic Brands Group offered over $20 per share for Mattel, valuing it at over $6 billion. Mattel stock rose 18% on the news, its best day in over seven years. Southeastern Asset Management previously urged Mattel to explore a sale, citing undervaluation. Retail traders speculate the stock could reach $25-$30 per share.

Nike (NKE) reported Q1 revenue of $11.21B, down 4% YoY, and forecasted fiscal 2027 revenue decline. Corteva (CTVA) spun off its seed business, while Mattel (MAT) announced CEO departure. Accenture (ACN) reported Q4 revenue of $18.7B, up 7% in local currency. Coherent (COHR) rose 10.90% on U.S. restrictions reports. U.S. 10-year Treasury yield briefly hit 5.34%.

Mattel Inc. (MAT) shares rose 18.8% to $15.04 after reports of a potential $6B takeover by Authentic Brands Group at a $20 per share offer, a 33% premium over Wednesday's close. The company declined to comment. UBS maintained a buy rating and $28 target. Hedge fund holdings slightly decreased in Q2.

Mattel (MAT) has received a takeover approach from Authentic Brands Group, potentially valuing it at $6B+. The offer is over $20 per share, and Mattel's shares rose 18% on the news. No formal sale process is ongoing, and Mattel's leadership transition may impact deal discussions. Mattel's shares have fallen 33% this year.

Mattel (MAT) shares rose 19% to $15.04 on reports of a potential takeover by Authentic Brands at over $20 per share. The company's stock has fallen 37% year-to-date, with a market cap of $4.30 billion. Analysts note Mattel is undervalued, trading 34.1% below its GF Value™ of $22.81, with a GF Score™ of 74/100.