Speculation Swirls Around Hasbro’s Approach of Mattel; Mattel Shares Remain Undervalued
The Wall Street Journal recently published an article detailing an approach that narrow-moat Hasbro made to assess a potential tie up with narrow-moat Mattel. This speculation, without much detail, sent Mattel shares soaring more than 20% to around $18 per share. 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 nearly double Mattel’s, placing it...Mattel is a global children's entertainment company that engages in the design and production of toys and consumer products. The company's portfolio of owned and licensed brands and products are organized into the following categories: Dolls, which include brands such as Barbie, American Girl, Enchantimals, and Polly Pocket; Infant, Toddler, and Preschool, which include brands such as Fisher-Price and Thomas & Friends, Power Wheels, Fireman Sam, and Shimmer and Shine (Nickelodeon); Vehicles, which include brands such as Hot Wheels, Matchbox, CARS (Disney Pixar), and Jurassic World (NBCUniversal); Action Figures, Building Sets, and Games, which include brands such as MEGA, UNO and WWE.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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