Activist pushes Mattel to fix American Girl, Fisher-Price brands or sell them off
Publishing timestamp: 2024-02-02 11:00:33
Summary
Activist investor Barington Capital is urging Mattel to consider selling off its American Girl and Fisher-Price brands due to underperformance. Mattel shares have remained stagnant for over 20 years. Barington has an undisclosed stake in the company and believes that these brands are detracting from the success of Mattel's other segments. They also criticize the excessive stock-based compensation and suggest a $2 billion share repurchase program. Mattel is reviewing the letter and welcomes the outreach from Barington.
Sentiment: MIXED
Tickers: MAT,
Keywords: retail industry, mergers and acquisitions, business, breaking news, mattel inc, business news, breaking news: business, entertainment,