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Mattel to buy Canadian toy maker Mega Brands

TORONTO — Mattel Inc. has made a friendly takeover offer for Canadian toy maker Mega Brands Inc., which has the world’s number two line of construction sets after Lego.

The deal values the Montreal-based company at $460 million, including debt that the American industry giant would assume or repay.

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Mattel manufactures Barbie dolls and Hot Wheels cars among other toys. The company says Mega Brands would help it expand in two of the fastest-growing product segments: construction sets and arts and crafts.

Bryan Stockton, Mattel’s chairman, said Friday that Mattel would keep the Mega Brands head office in Montreal and invest in its manufacturing operations.

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