News Snapshot:
Open this photo in gallery: Max Rangel, the President and CEO of Spin Master Corp., at the company's Toronto headquarters on Oct. 11.Cole Burston/The Globe and Mail Spin Master Corp. TOY-T said it will acquire U.S.-based toy maker Melissa & Doug for US$950-million, the largest takeover in the company’s history. “We have admired Melissa & Doug for many years,” said Spin Master chief executive officer Max Rangel at a news conference at the company’s Toronto headquarters on Wednesday. Spin Master – which courted the wooden toy maker from parent company AEA Investors – will finance its acquisition with approximately US$450-million...
