Buyout Barbie? Mattel Stock Jumps on Reports of Takeover Interest.

Group 1 - Mattel is experiencing takeover interest from private equity firm L Catterton, backed by LVMH, which has led to a significant increase in its stock price [1][2] - The potential acquisition may trigger competing bids, particularly from Hasbro, which is currently considering whether to make an offer [1][2] - Activist investor Barington Capital has pressured Mattel to implement changes, including selling certain brands and separating the CEO and chairman roles [3] Group 2 - Despite a branding boost from the Barbie film, Mattel has faced a 52-week loss of 23%, and even with recent gains, the stock is still down approximately 13% [3][4] - In Q1, Mattel reported smaller-than-expected losses due to tight cost controls, but weak sales continue to be a challenge [4] - Analysts project fiscal 2024 sales to be $5.38 billion, a 1% decline from the previous year, with only modest growth expected in subsequent years [4]