BUZZ - Mattel stock falls as Ariel pushes for sale and says company restructuring has stalled
路透社2026/10/06 14:23October 6 – ** Mattel, the maker of Barbie dolls (Mattel) MAT.O, saw its stock price drop by 2.6% to $7.6 ** Major shareholder Ariel Investments, in a letter seen by Reuters, urged the company to explore a possible sale of Mattel due to stalled business restructuring and insufficient profitability ** Ariel, which holds a 5.4% stake, stated that options could include a sale, merger, or asset divestiture, adding that a strategic buyer might pay a significant premium for the company ** Previous reports indicated that Authentic Brands AUTH.N had expressed an interest in acquiring the company last week, a deal that could value Mattel at around $6 billions ** Out of 16 brokers, 9 rate the stock as a “buy” or higher, 5 as “hold,” and 2 as “sell”; the median target price is $18—according to data compiled by LSEG ** Including the day’s fluctuation, the stock has fallen by 21.2% year-to-date (To facilitate non-English speakers, Reuters automatically translates its reports into several other languages. As automated translations might be inaccurate or lack necessary context, Reuters does not guarantee the accuracy and only provides automated text for readers’ convenience. Reuters assumes no responsibility for any loss or damage arising from the use of automated translation functionality.)
October 6 - ** Mattel, the Barbie doll manufacturer (MAT.O), saw its share price fall by 2.6% to $7.6
** Major shareholder Ariel Investments pointed out in a letter seen by Reuters that, due to stalled business restructuring and insufficient profitability, they are urging the company to explore the possibility of selling Mattel (link)
** Ariel, which holds 5.4% of shares, said alternative options include a sale, merger, or asset divestiture, and added that strategic buyers might be willing to pay a considerable premium for the company
** Previous reports stated that Authentic Brands (AUTH.N) proposed an acquisition last week (link), a deal that could value Mattel at about $6 billion
** Of 16 brokerages, 9 rate the stock as “buy” or higher, 5 as “hold”, and 2 as “sell;” the median target price is $18 — Data compiled by LSEG
** Including recent fluctuations, the stock has fallen a total of 21.2% so far this year
(To make content more accessible for non-English speakers, Reuters has translated its report automatically into several other languages. As automated translation may contain errors or lack the required context, Reuters does not guarantee the accuracy of the automatic translation text, which is provided solely for readers’ convenience. Reuters accepts no liability for any damage or loss arising from the use of the automated translation function.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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