Following the rumors from April 2023, a group of shareholders under the umbrella of Southeastern Asset Management, which oversees 4% of Mattel’s stock in an open letter to Mattel's board last week laid out several scenarios it would like to see the company pursue including the possibility of selling to a competitor such as Hasbro which was mentioned specifically.
We know that Mattel and Hasbro have engaged in on-and-off talks for decades. At the moment, a deal between the two companies is possible in our view. Hasbro has done a better job executing on digital growth than Mattel and therefore has more credibility in this important part of the business. We believe synergies between the two companies would be material, creating a stronger player in a global industry.
They also suggested Mattel could sell to a private equity firm, which would mean it would no longer be publicly traded on the stock market or to a large media company with its valuable intellectual properties.
The motivation for this letter is because they felt shareholders would have to wait too long for the company’s stock price to reach $30.
We worry that your current compensation package incentivizes waiting too long for a stock price over $30. We see a value per share today approaching $30, but we do not want to wait longer for that to be realized. We would prefer you lead the effort to explore strategic alternatives given your industry knowledge and relationships.
In response, Mattel said that the company has been in talks with Southeastern and is focused on its growth strategy as they remain committed to acting in the best interests of all Mattel shareholders.
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| Category: | Corporate |
| Author: | Jay Cochran |
| Date: | May 12, 2026 |
I was interested until I saw the $80 price tag. There is no legitimate reason for it to be so expensive. Pure price gouging!
Wow another G1 optimus prime nobody wants and with an $80 price tag to boot.
That Optimus, is a literal dream come true... but that price tag is most certainly not.
Never thought I would ever say this, but the Bumblebee actually looks pretty good. As a Transformer and Hot wheel fan, this is actually pretty exciting... but then again, it doesn't transform.
