Mattel shares dip as Ariel pushes for sale, cites stalled turnaround
Mattel shares fell 2.6% after major shareholder Ariel Investments urged the Barbie maker to explore a sale, citing a stalled turnaround and profitability, in a letter seen by Reuters. Ariel, which holds a 5.4% stake, said options include a sale, merger or asset divestiture, adding that a strategic buyer would likely pa