Mattel dips as Ariel pushes for sale, cites stalled turnaround

Mattel

06/10/2026 15:11

** Share of Barbie maker Mattel MAT.O fall 2.6% to $7.6
** Major shareholder Ariel Investments urges co to explore a sale, citing a stalled turnaround and profitability in a letter seen by Reuters
** Ariel, which holds a 5.4% stake, says options include a sale, merger or asset divestiture, adding that a strategic buyer would likely pay a significant premium for the co
** The push follows a reported takeover approach by Authentic Brands AUTH.N last week that could value Mattel at around $6 billion
** Nine of 16 brokerages rate the stock "buy" or higher, five "hold" and two "sell"; median PT is $18 - data compiled by LSEG
** Including session's moves, stock down 21.2% YTD

(Reporting by Anand Gopal in Bengaluru)
((AnandGopal.R@thomsonreuters.com))