Mattel Shares Surge on Buyout Offer from L Catterton

Private equity firm L Catterton's approach ignites speculation of potential bids from other suitors, including rival Hasbro.

Mattel's stock jumped up to 20% following the news of L Catterton's acquisition offer.
Hasbro is considering submitting its own bid for Mattel, reviving talks of a potential merger.
Mattel has faced investor pressure to explore strategic changes amid declining share value.
The company is set to release its second-quarter earnings report, with analysts expecting $1.10 billion in revenue.
Despite recent successes, Mattel has struggled with profitability and unprofitable toy franchises.