NEW YORK, NY / ACCESSWIRE / November 14, 2017 / It was an exciting trading day in the market for toy companies Hasbro and Mattel after reports indicated that Hasbro could be wanting to take over the Barbie maker. The idea of the two companies combining to create a giant toy company had traders on their toes yesterday with shares of Mattel skyrocketing to close over 20% and Hasbro closing up nearly 6%.

RDI Initiates Coverage on:

Hasbro, Inc.
http://www.rdinvesting.com/report/?ticker=HAS

Mattel, Inc.
http://www.rdinvesting.com/report/?ticker=MAT

Hasbro, Inc. shares closed up 5.88% on Monday on nearly 5.6 million shares traded. It was revealed yesterday that Hasbro had recently made a takeover approach on rival Mattel. If an acquisition were to actually happen, it could create a giant toy company that would be worth over $10 billion in yearly revenue. Shares of Mattel skyrocketed after the speculative rumors broke out. It was in October that Hasbro released its third-quarter financial report that topped what the Street was looking for. Despite the company lowering its outlook for the next three months, CEO Brian Golder remained optimistic and said that the Toys R Us bankruptcy "will not be an issue for us in 2018." He also said, "We paused shipment for a short period as we gain clarity. Our finance and Toys 'R' Us commercial teams worked on an agreement we signed a few days ago... We just need to determine what Toys 'R' Us can receive in the next few months." YTD the stock is up a little over 24%.

Access RDI?s Hasbro, Inc. Research Report at:
http://www.rdinvesting.com/report/?ticker=HAS

Mattel, Inc. shares closed up nearly 21% on Monday after speculation hit the Street that rival Hasbro may take over the Barbie maker. Volume was nearly 50 million shares compared to an average of just a little over 10 million shares yesterday as traders digested the news. The Wall Street Journal was the first to publish a report that speculates Hasbro could take over Barbie for $5 billion and that there had been a recent takeover approach. It was at the end of last month that Mattel released its disappointing third quarter financial results that revealed EPS of 9 cents. Wall Street had been expecting 58 cents. According to the company, Toys R Us declaring bankruptcy was cited a reason for dragging sales down in North America.

Access RDI?s Mattel, Inc. Research Report at:
http://www.rdinvesting.com/report/?ticker=MAT

Our Actionable Research on Hasbro, Inc. (NASDAQ: HAS) and Mattel, Inc. (NASDAQ: MAT) be downloaded free of charge at Research Driven Investing.

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