Why Mattel, Inc.'s Shares Popped 29% in November
Shares of toymaker Mattel, Inc. (NASDAQ: MAT) jumped 29.2% in November, according to data provided by S&P Global Market Intelligence, driven by news that Hasbro, Inc. (NASDAQ: HAS) has approached the company about a buyout. No deal is imminent, but it appears to be more serious than past forays to combine the two.
We don't know the terms Hasbro might be offering or have any assurance that a deal will go through. So, investors buying Mattel are purely speculating on an acquisition.
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Source: Fool.com
Mattel Inc. Stock
€12.63
-1.970%
With 13 Buy predictions and not the single Sell prediction the community is currently very high on Mattel Inc..
With a target price of 16 € there is a positive potential of 26.68% for Mattel Inc. compared to the current price of 12.63 €.
