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Story summary
- Ariel Investments, holding a 5.4% stake, urges Mattel to consider a merger, asset sales, or full sale.
- John Rogers says a strategic buyer would likely pay a premium to Mattel’s current share price.
- Authentic Brands Group has approached Mattel with a potential $6 billion takeover offer.
- Mattel’s shares have lost one-fifth of their value this year.
- Roger Lynch will become Mattel’s CEO next month after Ynon Kreiz left for Paramount Skydance.