Wednesday, 22 November, 2017

Mattel hot-wheels it higher on reports of bid approach from Hasbro

Hasbro Bids to Purchase Mattel Hasbro Mattel Takeover Offer
Mae Harvey | 14 November, 2017, 00:24

Shares of Mattel soared in after-hours trading on Friday following a report that rival, Hasbro, has made a bid to take over Mattel. Weekly performance analysis shows the equity at 11.43%.Covering Sell-Side analysts have offered recommendations and price target estimates on Mattel, Inc. This isn't the first time the two businesses have been a subject of merger rumors (the last time such speculation was stirred was 2016), but it is the first time Hasbro's market capitalization has been almost double Mattel's, placing it in a position to acquire a significantly depressed business.

Terms of the possible deal were not disclosed, according to The Wall Street Journal, which first reported the news.

Roy Moore New Accuser Hires Gloria Allred
Moore did to me to my grave, had it not been for the courage of four other women", she said. Moore has denied the allegations but has not yet commented on Nelson's specifically.

Iran rejects Macron call for talks on Iranian missiles
Iran denies the allegations and says its missiles are needed for self-defense and that its nuclear program has purely peaceful aims.

The Top 5 Heading Into The Weekend
Given that measurement criteria, OU would be No. 4 behind Georgia (83 percent), Alabama (70 percent) and Clemson (62 percent). Only a superhuman performance from Jameis Winston in the BCS Championship game kept Auburn from the title in 2013.

It is not the first time both companies have discussed a collaboration: both in 1996 and 2016, they briefly discussed a merger. "Some analysts have suggested that any deal would be closely scrutinized by competition officials", he adds. "Mr. Potato Head would be under the same roof as Barbie", writes Chris Woodyard for USA Today. MKM Partners raised Mattel from a "neutral" rating to a "buy" rating and set a $36.00 price target on the stock in a research report on Monday, October 10th. Mattel's market value is around 5 billion dollars (4.3 billion euro), but the company has already lost 47 % in value this year alone, despite properties like Barbie and Hot Wheels. The company revealed in October it suffered a 14% drop in its third-quarter sales. The company reported C$0.09 EPS for the quarter, missing the consensus estimate of C$0.58 by C ($0.49). "Thus, the company could have value to a financial, industry or entertainment conglomerate buyer'. Hasbro would have a larger stable of tech-driven toys, and could fold Mattel's know-how into its own projects", observes Jon Fingas for Engadget.

The news comes a week after it was announced Hasbro has teamed with Paramount Pictures to produce and distribute content based on Hasbro brands, as well as original stories. Hasbro's brands include Transformers, G. I. Joe, and Nerf, just to name a few.

Recommended

  • Pogba says Man Utd pal Martial 'one of best I've played with'

    Pogba says Man Utd pal Martial 'one of best I've played with'

    However, the former Juventus man has stepped up his recovery in order to make himself available for selection against Newcastle. Paul Pogba has been out of the Manchester United side since the Champions League match with Basel in early September.
    Ninja Turtles Join Injustice 2 Alongside Atom & Enchantress

    Ninja Turtles Join Injustice 2 Alongside Atom & Enchantress

    The reveal trailer does not show any gameplay sample yet, so it is hard to say how the action is with having all four characters. The PC release will include all previously released DLC for the game on the console versions available at purchase.
    Free DTC services for commuters during Odd-Even

    Free DTC services for commuters during Odd-Even

    It has asked you to implement the measures to combat pollution. "Act immediately or we will attach government treasury", it said. Even as the NGT gave its go-ahead to Odd-Even, it observed that water sprinkling was a better way of curbing pollution.
  • Lewis Hamilton Furious Over Mercedes Team Robbery At Brazilian Grand Prix

    Lewis Hamilton Furious Over Mercedes Team Robbery At Brazilian Grand Prix

    It happened really quickly". "It's very unusual from me but it shows we are all human and things happen". "I am still a bit shaken, but it is a good feeling".
    Sean Parker on Facebook: We created a monster

    Sean Parker on Facebook: We created a monster

    Parker, speaking at an Axios event, pulled back the curtain on Facebook's early days, saying it was created to consume people. Parker said he would tell early holdouts to the platform that "we'll get you eventually".
    Twitter Put a Pause on Handing Out Verifications

    Twitter Put a Pause on Handing Out Verifications

    With the amendment, Dorsey announced that Twitter would "take a more aggressive stance in our rules and how we enforce them". In celebration of his newly verified status, Kessler tweeted "Looks like I FINALLY got verified by Twitter ".
  • President Trump Strikes Back at 'Short and Fat' Kim Jong Un

    President Trump Strikes Back at 'Short and Fat' Kim Jong Un

    But experts doubt China will take the kind of steps that Trump wants, such as halting crude oil exports to the North. Trump sent out the tweet after he attended the Asia-Pacific Economic Cooperation (APEC) summit in Vietnam.

    'Dump Trump' protest erupts ahead of Philippines summit

    Duterte said earlier in the week that he planned to ask China to make clear its intentions in the South China Sea. The framework seeks to advance a 2002 Declaration of Conduct (DOC) of Parties in the South China Sea.
    Driverless vehicle  involved in crash in first hour of first day

    Driverless vehicle involved in crash in first hour of first day

    Sponsored by AAA, the shuttle is intended less for its actual utility and more to get people used to the idea of driverless cars. The crash happened within the shuttle's first hour of operation, according a report from local Las Vegas NBC affiliate KSNV .
  • Some Iranian villages damaged by quake  of 7.3 in Iraq

    Some Iranian villages damaged by quake of 7.3 in Iraq

    The last major quake to hit the region was in 1927 - a 6.2-magnitude tremor that killed 500 people and injured another 700. Iranian TV said Iraqi officials have reported at least six people dead on Iraq's side of the border from Sunday's quake.
    FBI Russia investigation looking into Rohrabacher meeting with former Trump advisor

    FBI Russia investigation looking into Rohrabacher meeting with former Trump advisor

    Discussions between Flynn and Turkish representatives reportedly took place there. There's no indication that money changed hands or that an agreement was made.
    US, South Korea joint military drills begin in Western Pacific

    US, South Korea joint military drills begin in Western Pacific

    Nimitz-class supercarriers - the "largest warships in the world" - will not be deployed on the Korean peninsula at the same time. The last time such a convergence of military power occurred was in 2007 in waters off the United States territory of Guam.

Taylor Swift hints at upcoming Irish dates Taylor Swift hints at upcoming Irish dates With the track's launch start on Digital Song Sales , Swift extends her record for the most No. 1s in the chart's history to 15. Fans can participate in a pre-sale via Taylor Swift Tix powered by Ticketmaster Verified Fan .

USA hate crimes rise for second straight year USA  hate crimes rise for second straight year San Francisco reported 28 hate crimes in 2015 to 37 hate crimes in 2016 and San Jose reported six to 19 in the same time period. The agency collects its data from participating law enforcement officials through the Uniform Crime Reporting Program.

Penn State vs. Rutgers Insider Penn State vs. Rutgers Insider Worst pass: Rutgers quarterback Giovanni Rescigno overshot Hunter Hayek, who was open deep over the middle in the fourth quarter. He completed 16 passes in 21 attempts for 214 yards and the two scores, while rushing 13 times for 44 yards and one TD.

PCB chairman announces new dates for West Indies tour to Pakistan PCB chairman announces new dates for West Indies tour to Pakistan The series will comprise three T20 matches on March 29, 31, and April 1 and all the matches will be played in Lahore. Instead, a five-year contract has been signed with the West Indies cricket board.

Israel Says It Downed Russian-Made Syrian Spy Drone Over Golan Heights Israel Says It Downed Russian-Made Syrian Spy Drone Over Golan Heights Prime Minister Benjamin Netanyahu arrives to the weekly government meeting at the PM's office in Jerusalem, on November 12, 2017. The concept behind temporary division is that these forces would cease fire and later negotiate a final solution.

Watch Taylor Swift Perform Her New Songs on 'SNL' Watch Taylor Swift Perform Her New Songs on 'SNL' As of press time, analysts believe " reputation " can sell upwards of 1.37 million pure USA copies in its first week of release. There will be no further explanation.

14 killed, 9 missing in Andhra boat tragedy 14 killed, 9 missing in Andhra boat tragedy Tragedy struck after a boat carrying 38 people capsized at Ferry Ghat in Ibrahimpatnam area of the city on Sunday evening. Another three passengers were rescued by the teams of National Disaster Response Force (NDRF) late in the night.

Chiefs DT Roy Miller arrested early Saturday on misdemeanor domestic battery charges Chiefs DT Roy Miller arrested early Saturday on misdemeanor domestic battery charges She heard "thumping" inside a room and said she saw Roy Miller try to keep Nicole Miller from removing her phone from the toilet. Nicole Miller also had a small abrasion on her face and a scratch on the back of her neck, according to the police report.

Cristiano Ronaldo Welcomes Fourth Child, Daughter Alana Martina Cristiano Ronaldo Welcomes Fourth Child, Daughter Alana Martina The 32-year-old forward was present at the birth, as was son Cristiano Jnr, with a picture shared on Instagram. Being a father and seeing my family grow is without doubt the greatest privilege I've had.

Butch Jones' time as Tennessee football coach is over Butch Jones' time as Tennessee football coach is over Associate head coach Brady Hoke , who coaches the defensive line, has been named as interim head coach and will finish the season. The storied program was guided by two head coaches for 32 years - John Majors and Phillip Fulmer.

Moroccans celebrating World Cup qualification burn cars, injure 22 police in Brussels Moroccans celebrating World Cup qualification burn cars, injure 22 police in Brussels Before today's matches, Morocco had 9 points while the Ivorians had 8 points; meaning the victor of the match would qualify. But it was the Moroccans who got the breakthrough when Nabil Dirar's cross evaded everyone and found its way it to the net.

DeShone Kizer to play in Week 11 after X-rays come back negative DeShone Kizer to play in Week 11 after X-rays come back negative But after the game, the X-Rays on the rookie quarterback came back clear, and he's set to play next week. The Lions entered the game as 10.5-point favorites over the Browns, who were coming off their bye week.

Saudi-led strikes hit defence ministry in Yemen capital Saudi-led strikes hit defence ministry in Yemen capital One of the missiles hit a residential area near the ministry, wounding at least eight civilians, it said. "The house has been destroyed".

Philippine President Rodrigo Duterte threatens to slap United Nations critic of drugs war Philippine President Rodrigo Duterte threatens to slap United Nations  critic of drugs war "I will congratulate your guys here who make the firearms - very good, very accurate". Rey Leonardo Guerrero, and DFA Acting Assistant Secretary Amelita Aquino.

Tunisia, Morocco, reach Russian Federation 2018 Tunisia, Morocco, reach Russian Federation  2018 Tunisia and Morocco have completed the roster of teams that would represent Africa at the Russian Federation 2018 World Cup . Morocco travelled to Abidjan leading Ivory Coast by a point in Group C and needing only a draw in the last matchday.