Mattel Shares Fall on Ariel Call for Review
Mattel shares slipped after Ariel Investments urged a strategic review including a potential sale. The move follows recent takeover interest and leadership changes at the toymaker.
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MATTEL INC shares fell 3% on Tuesday morning after investor Ariel Investments urged the toymaker to explore a sale or merger. The push follows the departure of Chief Executive Yvon Kreiz last week. Ariel owns a 5.4% stake in the company.
