Mattel to buy Canadian toy maker Mega Brands
Mattel Inc. has made a friendly takeover offer for Canadian toy maker Mega Brands Inc., which has the world's No. 2 line of construction sets after Lego.
The deal values the Montreal-based company at $460 million, including debt that the American industry giant will assume or repay.
Mattel manufactures Barbie dolls and Hot Wheels cars among other toys. The company said Mega Brands will help it expand in fast-growing product segments construction sets and arts and crafts.
Bryan Stockton, Mattel's chairman and CEO, said Mattel plans to keep the Mega Brands head office in Montreal and invest in manufacturing.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Fewer Pittsburgh-area hospitals lost money last year, agency reports
- American Eagle posts improved first-quarter results
- In difficult job market, commutes can be part of challenge
- AT&T evolves beyond phones
- Cheap oil can hurt economy
- Murray Energy expects to lay off as many as 1,800 more
- Keep pesky neighbors from stealing your Internet
- FAA: Cockpit email system reduces delays
- Taxes matter in fund investing, even when there’s no bill
- Drenching rains green pastures, bode well for cattle herd expansion in Great Plains