Ariel Investments, holding 5.4% stake in Mattel, calls on toymaker to explore a potential sale, WSJ reports

Ariel Investments, which holds a 5.4% stake in Mattel, is calling on the toymaker to explore a potential sale, per the Wall Street Journal. Ariel says Mattel shares are significantly undervalued and that a strategic buyer would pay a significant premium.

Detected & updated continuously · Source: Nebula