Mattel Investor Calls for Sale or Private Buyout
Southeastern Asset Management has sent an open letter to Mattel CEO Ynon Kreiz suggesting the toy maker consider a merger with rival Hasbro or a private equity deal. The investor argues that a sale or privatization would better leverage Mattel's intellectual property and address recent operating losses.
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Southeastern Asset Management has urged Mattel CEO Ynon Kreiz to explore a sale or go-private transaction. The asset manager holds a 4% stake worth $170 million and has been an investor for over eight years. Southeastern called for strategic options including a potential merger with Hasbro.
