Mattel urged to explore sale by Ariel Investments
Ariel Investments, holder of a 5.4% stake in Mattel, is urging the toymaker to explore strategic alternatives, including a potential sale. The investment firm believes Mattel shares are significantly undervalued.
Oct. 4% stake in Mattel, is calling on the toymaker to explore strategic alternatives, including a potential sale, the Wall Street Journal reported. Ariel Investments said Mattel shares are significantly undervalued and that a strategic buyer would pay a significant premium, the report said. O.