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| | Merger of Mattel, Tyco Toys to cost 2,700 jobs (Site not responding. Last check: ) |
 | | Mattel, the world's largest toy maker, announced Thursday the Federal Trade Commission approved its $755 million acquisition of Tyco, manufacturer of the giggling Elmo, which was the craze last Christmas. |
 | | Tyco shares climbed 3/8 to close at 12 Thursday on the New York Stock Exchange; Mattel stock climbed ¼ to close at 24½. |
 | | In 1996, Tyco lost $8.8 million, or 46 cents a share, compared with a loss of $27.2 million, or 87 cents a share, in 1995. |
| www.chron.com /content/chronicle/business/97/03/21/mattel.2-0.html (380 words) |
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