Mattel Completes Acquisition of MEGA Brands

Mattel Completes Acquisition of MEGA Brands EL SEGUNDO, Calif. & & MONTREAL--(COMPANY WIRE)-- Mattel, Inc. (NASDAQ: FLOOR COVERING) announced today that it has finished the purchase of MEGA Brands Inc. (TSX: MB, MB. WT, MB. NT), with a wholly-owned... More

Mattel Completes Acquisition of MEGA Brands EL SEGUNDO, Calif. & & MONTREAL--(COMPANY WIRE)-- Mattel, Inc. (NASDAQ: FLOOR COVERING) announced today that it has finished the purchase of MEGA Brands Inc. (TSX: MB, MB. WT, MB. NT), with a wholly-owned subsidiary of Mattel, Inc., for about US$ 460 million. MEGA Brands, a relied on household of leading global brand names established and also based in Montreal, is the No. 2 player in the $4-billion construction structure sets category1 with its MEGA BLOKS brand name in addition to a competitor in the $2-billion fine arts & & crafts category2. This acquisition represents among the crucial avenues for attaining Mattel's global growth method by getting in critical classifications that can profit from the brand names, distribution reach and also advertising toughness of the globe's biggest toy mold. "We are delighted to invite MEGA Brands into the Mattel family members of companies and believe the possibilities for worldwide expansion and also i Less