Mattel Stock News

Ariel Investments, a major shareholder in Mattel, Inc (NASDAQ:MAT), is urging the Barbie maker to consider a sale or other strategic alternatives as the company struggles to revive its business. John Rogers, Ariel's chairman and co-chief executive, told Mattel's board that a strategic buyer could pay a significant premium to the company's current share price, Reuters reported, citing a letter s...

Mattel's shares fell about 3% on Tuesday after investor Ariel Investments urged the toymaker to explore strategic ​alternatives, including a sale, merger or major asset divestiture.

A major Mattel shareholder said the company should explore a takeover by potential buyers. The Barbie maker has struggled with declining sales and profitability in recent years.

A major shareholder ‌of Mattel is calling for the toymaker to explore strategic alternatives, including ​a potential sale, the ​Wall Street Journal reported on Monday.

Ariel Investments, which has a 5.4% stake in Mattel, said Monday it believes the company's shares remain significantly undervalued with its current structure as a public company.

Mattel Inc. is welcoming a new boss. So is Paramount. Roger Lynch will be stepping into his new role as CEO of Mattel, but he is not new to the toy company. Lynch has served as a member of Mattel's board since 2018..

Mattel shares rose Thursday after the Wall Street Journal reported that Authentic Brands Group had expressed takeover interest. The news came the day after the toymaker announced that Condé Nast CEO Roger Lynch would take over as CEO.

Mattel has been ​privately discussing a takeover offer ‌from Authentic Brands Group that could value the Barbie maker at ​around $6 billion or more, ​the Wall Street Journal reported ⁠on Thursday, citing people ​familiar with the matter.