Mattel shares rise nearly 20% after report

Shares of Mattel Inc. soared Monday morning after a report that rival Hasbro Inc. made a takeover offer for the El Segundo toymaker.

Mattel’s stock was up 19.5 percent early Monday morning.

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.