Ariel Investments Urges Mattel Board to Consider Sale

Key Facts

1Ariel Investments, a major shareholder in Mattel, is urging the board to consider a sale or other strategic alternatives.

2John Rogers, Ariel's co-CEO, stated that a strategic buyer could pay a significant premium over the current share price.

Ariel Investments, a major shareholder in Mattel, is urging the board to consider a sale or other strategic alternatives. Reuters reported that John Rogers, Ariel's co-CEO, stated that a strategic buyer could pay a significant premium over the current share price.

The move comes as Mattel struggles to revive its business operations. Mattel (MAT) closed at $16.05 on October 5, 2026, having traded between a day low of $14.83 and a high of $16.15 during that session.