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MATTEL COMPLETES MERGER WITH FISHER-PRICE, DECLARES 5-FOR-4 STOCK SPLIT

 LOS ANGELES, Nov. 30 /PRNewswire/ -- Mattel Chairman John W. Amerman announced today that the merger involving Mattel Inc. (NYSE: MAT) and Fisher-Price Inc. has been completed, and that Fisher-Price is now a wholly owned subsidiary of Mattel. Pursuant to the merger, each share of Fisher-Price common stock will be exchanged for 1.275 shares of Mattel common stock. Letters of transmittal containing instructions with respect to the surrender of certificates representing Fisher-Price common stock will be mailed to each Fisher-Price shareholder.
 Amerman also announced that the Mattel Inc. board of directors, after the Mattel stockholders meeting, declared a 5-for-4 split of the company's common stock. As a result of the stock split, shareholders will receive one additional share of Mattel common stock for every four shares they hold as of the Dec. 17, 1993, record date, with shares scheduled to be issued on Jan. 7, 1994. The board indicated that it intends to maintain a regular quarterly dividend of $.06 per share in 1994. This will result in the equivalent of a 25 percent dividend increase beginning with the dividend to be paid in the second quarter of 1994.
 -0- 11/30/93
 /CONTACT: Glenn Bozarth of Mattel, 310-524-3521/
 (MAT)


CO: Mattel Inc.; Fisher-Price Inc. ST: California IN: HOU SU: TNM

EH-JL -- LA024 -- 8726 11/30/93 12:08 EST
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Publication:PR Newswire
Date:Nov 30, 1993
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