Mattel Confident on Standalone Path After Report of Buyout Bid

Mattel Inc. is confident in its path as a standalone business after Reuters, citing people with knowledge of the matter, reported that the toymaker has been approached with a buyout offer by the private equity firm L Catterton.

“We do not comment on speculation,” a Mattel spokesperson said in an emailed statement Monday. “We are very confident in Mattel’s strategy and our ability to create long-term shareholder value as a standalone company.”