Mattel closes $460 mln buy of Canadian toy manufacturer Mega Brands
The previously announced buy of Mega Brands Inc (TSX: MB, MB.WT, MB.NT), a Canadian manufacturer of construction toys, games, puzzles and crafts, by U.S.-based Mattel Inc (Nasdaq: MAT) has been closed. The deal valued Mega Brands at US$460 million, including debt. Mattel said the acquisition represents one of the key avenues for achieving its global growth strategy. Mega Brands, which will continue to be based in Montréal, was a portfolio company of Fairfax Financial Holdings Ltd and has in the past been backed by U.S. private equity firm The Blackstone Group.
1 May 2014•6 mins read
