WEATHER AUTHORITY : Excessive Heat Warning - Heat Advisory View Alerts
STREAMING NOW: Watch Now

Hasbro-Mattel merger rumor just won't die

It seems like people really want toymakers Mattel and Hasbro to get together.Shares of Mattel soared 10% Tuesd...

Posted: Jan 24, 2018 7:27 PM
Updated: Jan 24, 2018 7:27 PM

It seems like people really want toymakers Mattel and Hasbro to get together.

Shares of Mattel soared 10% Tuesday on no news. The stock only gave up a little bit of those gains Wednesday, falling about 2%. Hasbro rose 4% Tuesday and another 2% Wednesday.

Investors have dreamed about a possible merger between the two companies since November, following a story in the Wall Street Journal that said Hasbro was going to make a bid. Reuters later reported that Mattel turned Hasbro's offer down.

A spokesperson for Mattel told CNNMoney Tuesday that the company had no comment on the new speculation. Hasbro did not get back to CNNMoney.

A marriage of the two companies could make sense. It would unite Hasbro, the owner of Mr. Potato Head, Monopoly, Tonka, My Little Pony and most Disney toy licenses, with Mattel, the parent of Fisher-Price, Thomas and Friends, Barbie and Hot Wheels.

The companies may be running out of time to prove to Wall Street that they are better off on their own.

Even though Hasbro has done better than Mattel lately, Wall Street is concerned that plans by bankrupt Toys "R" Us to close more than 180 U.S. stores will hurt both toymakers. Each warned late last year that holiday sales would miss analysts' expectations.

Related: These are the 182 stores Toys "R" Us is closing

Hasbro's earnings and sales growth are likely to slow this year too, while Wall Street is forecasting a drop in revenue for Mattel in 2018.

Investors are also nervous about possible price cuts for toys due to growing dominance of Walmart and Amazon in the retail world.

And many kids are now playing more video games on consoles, smartphones and tablets instead of playing with toys.

Mattel will report its fourth-quarter results on February 1. Investors will be looking for any signs that new CEO Margo Georgiadis, formerly an executive at Google, will be able to turn around the company with a greater focus on high-tech toys.

Hasbro is expected to report its holiday sales and profits sometime during the first week of February as well. And both companies will be showcasing new toys that they hope will be big hits this Christmas at the big Toy Fair in New York later in February.

To go it alone, both companies will need to wow investors with their latest results, not to mention children of all ages (and their parents) with their new toys.

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 341862

Reported Deaths: 7533
CountyCasesDeaths
Hinds23783441
DeSoto23180283
Harrison20365329
Rankin15307290
Jackson15087251
Madison10917227
Lee10674179
Jones8969169
Forrest8621159
Lauderdale7839243
Lowndes7016151
Lamar696289
Lafayette6535124
Washington5589139
Pearl River5141152
Bolivar4949134
Oktibbeha491698
Panola4766112
Warren4709127
Marshall4691106
Pontotoc446273
Union432579
Monroe4322137
Neshoba4268181
Hancock423788
Lincoln4171116
Pike3650113
Leflore3619125
Tate352888
Alcorn349574
Sunflower347194
Adams340588
Scott340176
Yazoo338575
Copiah323468
Simpson322090
Itawamba314180
Coahoma313385
Tippah304768
Prentiss297863
Covington291883
Leake284675
Marion283681
Wayne276143
George270551
Grenada268888
Newton261564
Tishomingo239370
Winston236584
Jasper229548
Attala225973
Stone225337
Chickasaw218760
Holmes199274
Clay196754
Clarke186280
Tallahatchie183742
Calhoun181232
Smith178935
Yalobusha171340
Walthall145348
Lawrence141626
Greene139734
Amite136943
Noxubee134835
Perry133238
Montgomery132244
Carroll125931
Webster121032
Jefferson Davis116234
Tunica113427
Benton106225
Claiborne105031
Kemper102329
Humphreys100133
Franklin87723
Quitman84619
Choctaw82319
Wilkinson77732
Jefferson71128
Sharkey51618
Issaquena1736
Unassigned00

Alabama Coronavirus Cases

Cases: 577463

Reported Deaths: 11510
CountyCasesDeaths
Jefferson841981589
Mobile47171860
Madison37047533
Tuscaloosa26915465
Shelby26873256
Montgomery25918625
Baldwin24499328
Lee16949181
Calhoun15252332
Morgan15017290
Etowah14778370
Marshall12933235
Houston11774292
Elmore10761217
St. Clair10617252
Limestone10574158
Cullman10363205
Lauderdale10083254
DeKalb9382191
Talladega8836188
Walker7681287
Autauga7479114
Jackson7317117
Blount7266139
Colbert6635142
Coffee6163132
Dale5453117
Russell470642
Chilton4682117
Covington4649125
Franklin450081
Tallapoosa4440156
Escambia427882
Chambers3898125
Dallas3717163
Clarke367763
Marion3427106
Pike327879
Lawrence3225101
Winston294973
Bibb284565
Geneva276383
Marengo259967
Barbour246261
Pickens240062
Butler238272
Hale232778
Fayette225264
Henry209245
Monroe197241
Randolph196744
Cherokee196348
Washington180139
Macon168752
Crenshaw165558
Clay163759
Cleburne160245
Lamar149938
Lowndes144854
Wilcox130531
Bullock126142
Conecuh119630
Coosa116929
Perry109928
Sumter109032
Greene98736
Choctaw64325
Out of AL00
Unassigned00
Tupelo
Clear
92° wxIcon
Hi: 96° Lo: 75°
Feels Like: 104°
Columbus
Clear
93° wxIcon
Hi: 96° Lo: 74°
Feels Like: 107°
Oxford
Clear
90° wxIcon
Hi: 96° Lo: 72°
Feels Like: 100°
Starkville
Clear
90° wxIcon
Hi: 96° Lo: 73°
Feels Like: 100°
Friday we will see the hottest and most humid day of the week. We will see many areas top off in the 105 to 115 degree heat index. Some areas will approach 120. Very little chances for some isolated showers and thunderstorms for the late portion of the afternoon.
WTVA Radar
WTVA Temperatures
WTVA Severe Weather