TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Mattel to buy Canadian toy maker Mega Brands

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

By The Associated Press
Saturday, March 1, 2014, 12:01 a.m.
 

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.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Fewer Pittsburgh-area hospitals lost money last year, agency reports
  2. American Eagle posts improved first-quarter results
  3. In difficult job market, commutes can be part of challenge
  4. AT&T evolves beyond phones
  5. Cheap oil can hurt economy
  6. Murray Energy expects to lay off as many as 1,800 more
  7. Keep pesky neighbors from stealing your Internet
  8. FAA: Cockpit email system reduces delays
  9. Taxes matter in  fund investing, even when there’s no bill
  10. Drenching rains green pastures, bode well for cattle herd expansion in Great Plains