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2026
Ariel Investments urges Mattel to consider a sale
Ariel Investments, a major shareholder in Mattel, sent a letter from Chairman and Co-CEO John Rogers to Mattel's board of directors urging the struggling toymaker, as it seeks a turnaround, to consider a sale to the right buyer, with options ranging from a divestiture of significant assets to a merger and/or an outright sale of the company; Ariel argued a strategic buyer would pay a significant premium to the current share price. Mattel said its board and management team are committed to acting in the best interests of all shareholders and will consider the views expressed in the letter.