Mattel ‘back in play’ after new severance plan, Dealreporter says

Mattel disclosed in an 8K filing after Friday’s close that it has adopted a new severance plan for certain executives, "throwing the toymaker back onto the takeover target list," said Dealreporter, contacts tell The Fly. Shares have lost about 30% of their value over the past year and "with the heavy lifting tied to MAT‘s turnaround now in the rearview mirror, exploring options could make sense," according to the deal-focused publication, which reportedly added that things are "certainly getting interesting" given this latest tweak to executive severance, contacts noted.