Mattel Inc MAT announced its plans to buy HIT Entertainment for $680 million in an all-cash deal.
Mattel expects the deal to close in first-quarter 2012.
Mattel shares gained 1.58% to close at $27.69 on Friday.
MATMattel Inc
$19.700.20%
Edge Rankings
Momentum68.14
Growth41.90
Quality85.72
Value50.94
Price Trend
Short
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