Retail
Ariel Investments Urges Mattel's Board to Explore a Sale, Citing Its 5.4% Stake
John W. Rogers Jr. wrote to directors asking them to weigh asset sales, a merger or an outright sale. It is the second activist push at the toymaker this year.
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By Dana Whitfield
Oct 6, 2026 · 2 min read
Ariel Investments has written to Mattel's board urging it to explore a sale of the company, according to The Wall Street Journal, which first reported the letter on Monday afternoon. Ariel holds a 5.4% stake in the toymaker.
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Dana Whitfield
Leadership Editor
Dana reports on boards, succession and executive pay. She has interviewed more than 200 sitting chief executives.