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Southeastern Asset Management oversees 4% of Mattel's stock.
Southeastern Asset Management publicly urged Mattel to sell itself and go private.
KEY POINTS
- Southeastern suggested private equity firms, toy competitors, or media companies as possible buyers.
- The open letter was originally sent to Mattel's CEO in mid-March before recent layoffs.
- Southeastern cited Mattel's slow share price recovery and disappointing holiday sales as concerns.
- Mattel acknowledged Southeastern's letter and stated it will consider all shareholder perspectives.
COMPANIES
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