On Tuesday,Shares of Mattel, Inc. (NASDAQ:MAT), added 1.12% and closed at $32.37 in the last trading session. The last trading range of the stock ranges between $31.03 and $32.46. Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers dolls and accessories, vehicles and play sets, and games and puzzles under the Mattel Girls & Boys brands, counting Barbie, Monster High, Disney Classics, Ever After High, Little Mommy, Polly Pocket, Hot Wheels, Matchbox, CARS, Disney Planes, BOOMco, Radica, Toy Story, Max Steel, WWE Wrestling, and DC Comics. The company also provides its products under the Fisher-Price brands, such as Fisher-Price, Little People, BabyGear, Laugh & Learn, Imaginext, Thomas & Friends, Dora the Explorer, Mickey Mouse Clubhouse, Disney Jake, the Never Land Pirates, and Power Wheels. In addition, it offers its products under the American Girl brands comprising Truly Me, BeForever, and Bitty Baby; and construction, and arts and crafts brands, such as MEGA BLOKS, RoseArt, and Board Dudes, in addition to publishes the American Girl magazine. Mattel, Inc. sells its products directly to consumers via its catalog, Website, and proprietary retail stores, in addition to directly to retailers, counting discount and free-standing toy stores, chain stores, department stores, and other retail outlets; to wholesalers; and through agents and distributors.
Extended Stay America Inc (NYSE:STAY), DROPPED -1.05% and closed at $15.10 in the last trading session. The last trading range of the stock ranges between $14.75 and $15.15. The company’s Market capitalization is $ 3.09Billion with the total Outstanding Shares of 198.25 Million. Extended Stay America, Inc. and ESH Hospitality, Inc. (STAY) (together, the “Company”) recently declared the pricing of the underwritten secondary offering (the “offering”) of 12,750,000 Paired Shares, each Paired Share consisting of a share of common stock of Extended Stay America, Inc. and a share of Class B common stock of ESH Hospitality, Inc., which are attached and trade together as Paired Shares. The Paired Shares were offered by certain selling stockholders associated with Centerbridge Partners, L.P., Paulson & Co. Inc. and The Blackstone Group L.P. (the “Selling Stockholders”), which is expected to result in gross proceeds of about $189 million. The offering is expected to close on November 18, 2016, subject to customary closing conditions.
The Company will not sell any Paired Shares in the offering and will not receive any proceeds from the offering. In addition, none of the Company’s officers or directors are selling any Paired Shares beneficially owned by them in the offering.