Mattel Could Break Apart, Doesn't Need to Pursue an Outright Sale -- Market Talk

Dow Jones2026/10/07 17:30

1330 ET - Ariel Investments doesn't necessarily want Mattel to sell itself. The asset-management firm, which has a 5.4% stake in the toymaker, says Barbie-doll maker should retain an independent financial advisory firm to explore various strategic alternatives, including a divestiture of significant assets, a merger or an outright sale. "We think (the board) will do the right thing for shareholders," Ariel Co-CEO John Rogers says in an interview with CNBC. "The leaders there have shown a history of doing the right thing." (connor.hart@wsj.com) (END) Dow Jones Newswires October 07, 2026 13:30 ET (17:30 GMT)

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