$MAT in Takeover Talks With Authentic Brands Group at Over $6 Billion Valuation

Toymaker Mattel ($MAT) is reportedly in buyout talks with Authentic Brands Group regarding a potential acquisition valuing the company at over $6 billion, or more than $20 per share.
The proposed cash-and-stock offer represents a substantial premium of roughly 58% or higher over Mattel's recent trading levels, reflecting ongoing consolidation and private equity interest in legacy consumer brands and intellectual property portfolios.
Neither company has finalized a definitive agreement, and negotiations remain subject to potential adjustments in terms or valuation structure.