Analysis of information sources in references of the Wikipedia article "Tyco Toys" in English language version.
Mattel Inc., the nation's biggest toymaker, said yesterday that it had amended its $755 million merger agreement with Tyco Toys Inc. to reflect a change in the conversion of Tyco shares. A Mattel spokesman, Glenn Bozarth, said the amendment called for holders of Tyco class C shares to receive preferred Mattel shares.
Mattel Inc., the toy maker in El Segundo, Calif., said yesterday that as expected it had divided responsibilities for its newly acquired domestic Tyco Toys business among its three roster shops: Foote, Cone & Belding in Los Angeles, Ogilvy & Mather Los Angeles and the New York office of Young & Rubicam Advertising. The Tyco business, with billings estimated at $55 million, had been handled for three years by D'Arcy Masius Benton & Bowles Communications in New York, a unit of MacManus Group. Our decision to consolidate our advertising among our three incumbent agencies is based on our longstanding strategic partner relationships and our need to maintain the greatest possible advertising efficiencies and creative momentum, said Bruce Stein, president of Mattel Worldwide. Mattel acquired Tyco Toys at the end of March.
In a move that highlights the rough-and-tumble competition of the toy industry, Tyco Toy Inc. said yesterday that it planned to acquire the Universal Matchbox Group, which makes Matchbox miniature cars. Tyco, based in Mt. Laurel, N.J., said it is buying Matchbox in part to gain its distribution network in countries where Tyco would like to expand, like Britain and Germany. Because of economies of scale, Tyco should also be able to increase Matchbox's profit margins to roughly 12 percent.
Tyco Toys Inc. has completed its acquisition of the Universal Matchbox Group.
