12:21 PM EDT, 07/22/2024 (MT Newswires) -- Mattel ( MAT ) got an approach on a takeover by private equity firm L Catterton, Reuters reported Monday, citing people familiar with the situation.

The offer may prompt other bidders to consider a proposed deal. Rival Hasbro ( HAS ) is assessing whether to submit a bid, Reuters said, citing one of the sources.

It's unclear if L Catterton's offer will prompt Mattel ( MAT ) to explore deal, Reuters said.

L Catterton, backed by luxury goods giant LVMH, Mattel ( MAT ) and Hasbro ( HAS ) didn't immediately respond to requests for comment, Reuters said.

The companies didn't immediately respond to requests for comment from MT Newswires.

Mattel ( MAT ) shares jumped 18% in recent trading Monday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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