Toy executive Isaac Larian ends pursuit of merger with Mattel [Los Angeles Times (CA)]
Mattel, Inc. (MAT)
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Source: Los Angeles Times
Toy executive Isaac Larian ends pursuit of merger with Mattel California toy mogul Isaac Larian said Tuesday he’s no longer interested in trying to merge his company with struggling Mattel Inc. Larian’s comments came one week after he disclosed that Mattel had again rejected a second merger offer from Larian’s privately held company, Chatsworth-based MGA Entertainment Inc. “At this time, it is in the best interest of MGAE not to continue forward with a Mattel offer,” Larian said in a statement to The Times. El Segundo-based Mattel makes the famed Barbie doll along with Fisher-Price toys, Hot Wheels and the American Girl dolls. MGA’s toy brands include LOL Surprise, Little Tikes and the Bratz dolls. Larian noted in his statement that Mattel has close to $4 billion in debt and faces “a major legal liability” related to Fisher-Price’s Rock ’n Play Sleeper , which has been linked to the deaths of 30 infants since its introduction a decade ago and is now being recalled . Mattel has said it
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MAT
Earnings
- 10/23/24 - Beat
MAT
Sec Filings
- 11/14/24 - Form SC
- 10/30/24 - Form 10-Q
- 10/23/24 - Form 8-K
- MAT's page on the SEC website