Mattel Shares Surge Following L Catterton Acquisition Offer

Mattel has received an acquisition offer from L Catterton, sending shares soaring by 20% and raising its market value to $6.5 billion. The proposal has attracted interest from rival Hasbro, which is considering a competing offer. Despite recent challenges, including a 23% decline in shares over the past year, Mattel aims to enhance its financial standing through strategic partnerships and brand revitalization efforts. The toy industry remains on edge as these developments unfold.