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Fly News Breaks for June 12, 2019
Jun 12, 2019 | 10:13 EDT
The "loose" offer for Mattel by MGA Entertainment, according to press reports, was creatively constructed to bind the two entities using MGA's estimated $400M-plus in EBITDA with forgiveness of a multi-hundred million dollar lawsuit between the companies as equity, Jefferies analyst Stephanie Wissink told investors earlier in a research note. It is not clear that the implied post-deal value is a premium to current Mattel shareholders, added the analyst, who admits she's "largely indifferent" to the stock at $11. The analyst keeps a Hold rating on the name. Mattel (MAT) in morning trading is up 8% to $11.63. Its peer Hasbro (HAS) is up 61c to $106.29.
News For MAT;HAS From the Last 2 Days
Jul 22, 2019 | 13:44 EDT
Notable companies reporting before tomorrow's open, with earnings consensus, include Coca-Cola (KO), consensus 61c... United Technologies (UTX), consensus $2.04... Lockheed Martin (LMT), consensus $4.77... Kimberly-Clark (KMB), consensus $1.61... Biogen (BIIB), consensus $7.32... Sherwin-Williams (SHW), consensus $6.36... Travelers (TRV), consensus $2.29... PACCAR (PCAR), consensus $1.81... Centene (CNC), consensus $1.23... Stanley Black & Decker (SWK), consensus $2.55... Fifth Third Bancorp (FITB), consensus 66c... KeyCorp (KEY), consensus 44c... TransUnion (TRU), consensus 65c... Hasbro (HAS), consensus 50c... Quest Diagnostics (DGX), consensus $1.68... Lamb Weston (LW), consensus 72c... JetBlue Airways (JBLU), consensus 57c... Harley-Davidson (HOG), consensus $1.20... Medidata Solutions (MDSO), consensus 39c... Graphic Packaging (GPK), consensus 21c... AutoNation (AN), consensus $1.06.