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News Breaks
February 28, 2014
06:14 EDTMATMattel acquires MEGA Brands in transaction valued at about $460M
Mattel and MEGA Brands announced a definitive agreement for Mattel’s acquisition, through a wholly-owned subsidiary of Mattel, of MEGA Brands for $460M. The agreement provides for the acquisition of MEGA Brands for C$17.75 per common share and includes the acquisition of all of the outstanding common shares and warrants of MEGA Brands. This represents a premium of 32% to the 30-day volume-weighted average price of MEGA Brands common shares on the TSX as of February 26, 2014. Mattel plans to fund the acquisition through a combination of new debt and cash on hand. The purchase price above represents net consideration of C$7.81 per 20 warrants. Warrant holders may acquire one common share of MEGA Brands in exchange for every 20 warrants at an exercise price of C$9.94 per common share. The warrants expire on March 30, 2015. The board of MEGA Brands has unanimously approved the transaction and recommends that MEGA Brands common shareholders approve it.
News For MAT From The Last 14 Days
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November 21, 2014
10:01 EDTMATOn The Fly: Analyst Initiation Summary
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08:39 EDTMATMattel coverage resumed with a Neutral at Goldman
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November 13, 2014
10:20 EDTMATDreamWorks rallies on reports of potential takeover, Sterne Agee skeptical
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06:29 EDTMATMattel deal with DreamWorks likely not renewed with merger, says Wells Fargo
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