Mattel Shares Drop as Toys 'R' Us Considers Liquidation -- Market Mover
March 09 2018 - 8:57AM
Dow Jones News
Mattel Inc. (MAT) shares are down 6.5% premarket Friday, the
morning after The Wall Street Journal reported Toys "R" Us Inc.,
which filed for chapter 11 bankruptcy protection in September, is
evaluating bids to liquidate all its U.S. stores. Toys "R" Us,
Walmart Inc. and Target Corp. together accounted for almost 40% of
Mattel's net sales last year. (cara.lombardo@wsj.com;
@CaraRLombardo)
(END) Dow Jones Newswires
March 09, 2018 08:42 ET (13:42 GMT)
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