Barington Capital, an activist investor, has acquired an undisclosed stake in Mattel and is advocating for significant changes at the toy company. The investor is urging Mattel to consider the sale of its American Girl and Fisher-Price brands, as well as to separate the roles of CEO and chairman. These moves are aimed at boosting Mattel's stock, which has been performing poorly but rose 2.9% pre-market following the news. The Wall Street Journal reported on these developments, highlighting the pressure on Mattel's CEO to implement these changes.
Activist pushes Mattel to fix American Girl, Fisher-Price brands or sell them off https://t.co/IDkk8rPwja
$MAT (+2.9% pre) Mattel (MAT) rises amid an activist investor push to prop up stock price https://t.co/QBG9eeMLhO
An activist investor has set its sights on Mattel and is seeking big changes to boost the toymaker’s lackluster stock https://t.co/QConYDqvms https://t.co/QConYDqvms
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Activist investor Barington Capital is pushing toymaker Mattel to effect big changes that include pursuing strategic alternatives for its Fisher-Price and American Girl brands and separating the role of CEO from the chairman https://t.co/5adpbiG56B
Activist investor Barington Capital is pushing toymaker Mattel to effect big changes that include pursuing strategic alternatives for its Fisher-Price and American Girl brands and separating the role of CEO from the chairman. More here: https://t.co/u7ADu7rpS9
Barington Capital has amassed an undisclosed stake in Mattel and is pressing the toymaker’s CEO for changes that include the sale of some businesses, the Wall Street Journal reported https://t.co/d4O6GSlXys
Mattel draws activist investor seeking changes at toymaker - WSJ https://t.co/YLRhb9EUhD https://t.co/UediaLvAx2
Mattel Draws Activist Seeking Big Changes At Toy Maker - @WSJ https://t.co/1Lg5nLfy34
Scoop: Activist Barington Capital has taken a stake in Mattel and is pushing the toy maker to explore the sale of American Girl dolls and Fisher-Price toys, along with other changes that could help boost the stock. $MAT https://t.co/qfW2e2rGFf via @WSJ