(Boursier.com) — Mattel gains a little height on Wall Street around $19, while the activist investor Barington took an undisclosed amount of stake in the group’s capital, and pushes Mattel to study the sale of Fisher-Price and American Girl. At least that’s what the Reuters agency says. Citing a letter sent to Mattel CEO Ynon Kreiz, the article notes that Barington believes the stock could more than double in three years if the toy giant pursues strategic alternatives for Fisher-Price and American Girl, ends a excessive use of stock compensation and launched a $2 billion stock buyback plan. According to Barington, Mattel should also separate the functions of CEO and president, currently held by Kreiz.
©2024 Boursier.com