Mattel shares rise after report of offer from Hasbro

Shares of Mattel Inc. soared Monday after a report that Hasbro Inc. made a takeover offer for its rival toymaker.

Mattel closed at $17.64, up

20.7 percent.

The Wall Street Journal first reported the takeover offer Friday, citing unidentified sources. It said that terms of the possible deal were not available and that the offer could go nowhere.

On Friday, Hasbro and Mattel declined to comment on the report.

A combined Hasbro and Mattel would put such brands as Barbie, American Girl, G.I. Joe and Nerf under the same roof.