Latham Reps Mattel In $680M Thomas & Friends Co. Buy

Law360, Wilmington (October 24, 2011, 2:57 PM EDT) -- Mattel Inc. has agreed to purchase Hit Entertainment Ltd. for $680 million cash from a group led by London-based Apax Partners LLP, gaining a portfolio of preschool brands that includes the popular Thomas & Friends train toys, the toy giant revealed Monday.

The acquisition of the British company — to be financed with a combination of cash and debt — is not expected to have an impact on Mattel’s 2012 earnings, but is anticipated to be “increasingly accretive” as the toy giant reaps the benefits of...
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