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Mattel shares closed sharply higher in New York after a report of private talks about a possible takeover bid.
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The Wall Street Journal reported, citing unnamed sources, that Authentic Brands Group had approached Mattel and was holding private talks about a possible bid. Dutch news agency ANP carried the account; the discussions remain a reported possibility, not an announced offer. [1]
Mattel closed Thursday’s trading session 18.8% higher. The rise came a day after news that the toy maker’s chief executive would leave the company. [1]
1 listed sources · explore evidence, limitations and provenance.
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