Market News / Story
Mattel gains on report Zuru may make takeover bid
Seeking Alpha ·
Seeking Alpha reports: Mattel Inc. rose 3.1%, helped by a report that Zuru is considering a takeover bid for the toymaker. Zuru has taken pitches from Australasian investment bankers in the past three to four weeks, according to a report in The Australian. Zuru, which makes Robo Fish and Bunch O Balloons, is based in Hong Kong and was founded by New Zealand-born siblings Nick, Mat and Anna Mowbray. The potential bid from Zuru comes after a WSJ report on Thursday that Mattel has recently…