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Mattel rejects another merger bid from MGA Entertainment - LA Times

|About: Mattel, Inc. (MAT)|By:, SA News Editor

Mattel (NASDAQ:MAT+10.9% after-hours following a Los Angeles Times report that the toymaker again rejected an unsolicited merger offer from rival MGA Entertainment.

MGA founder and CEO Isaac Larian says last month he renewed his offer to merge the companies, contending MAT's problems have worsened in the year since he made his initial overture.

Larian has not proposed a specific offer price for MAT but says it "absolutely" would be at a premium to the stock's current price.

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