business / news / / Hartford Courant
Southeastern Asset Management, which oversees 4% of Mattel’s stock, said the company would be better off if owned by a private equity firm, a toy competitor or a media company.
Southeastern Asset Management, owning 4% of Mattel, urged Mattel to sell and go private.
KEY POINTS
- Southeastern's letter suggested potential buyers include private equity firms, toy competitors, or media companies.
- Mattel's weak 2025 holiday sales and declining Barbie sales contributed to recent share and profit drops.
- Mattel announced layoffs of 65 employees in March and has laid off hundreds in 18 months.
- Southeastern revealed Mattel and Hasbro have been in merger talks for years.
COMPANIES
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