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Benzinga

Shivani Kumaresan

Why Mattel Shares Are Trading Higher Today

MAT (Organization) Mattel

Mattel Inc (NASDAQ:MAT) has held talks with private-equity firms about a potential sale, the Wall Street Journal reported.
The company held informal talks with firms including Apollo Global Management Inc (NYSE:APO) and L Catterton.
The report gains significance as the toymaker completed its corporate turnaround in February.
Mattel's owned portfolio includes Barbie, Hot Wheels, Fisher-Price, Thomas & Friends, and American Girl.
Also Read: Mattel Wins Back Frozen And Disney Princess Rights: Why Investors Are Cheering
Price Action: MAT shares are trading higher by 11.4% at $24.64 in premarket on the last check Wednesday.
Photo By Vindiga_Street Via Pixabay

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