Ariel Investments urges Mattel board to explore strategic alternatives
MAT•Ariel Investments, which says it holds 5.4% of Mattel’s outstanding shares, urged the board to hire an independent financial adviser to explore strategic alternatives.
1. Ariel’s proposal
Ariel Investments said Mattel’s shares remain significantly undervalued under its current structure as an independent public company. It said alternatives might include divesting significant assets, a merger or an outright sale of Mattel.
