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Dow Jones Top Company Headlines at 3 AM ET: Imperial Brands to Launch $2 Billion Buyback | Oracle, ...

Imperial Brands to Launch $2 Billion Buyback The tobacco company expects to meet its targets for the fiscal year through September, and set out plans to buy back in shares in fiscal 2027. ---- Oracle, Broadcom and SpaceX Seek Blockbuster Debt Deals to Pay for AI Chips Apollo, Blackstone and Goldman Sachs are among the lenders in talks to finance megadeals worth tens of billions of dollars apiece. ---- Samsung Expects Operating Profit to Exceed $80 Billion For First Time The memory giant remains a key beneficiary of global demand for advanced chips as companies invest heavily in AI infrastructure and applications. ---- The AI Price War Is Heating Up-and OpenAI Is Gaining Ground on Anthropic Both companies need to show Wall Street they have sustainable businesses ahead of planned IPOs. ---- Fired OpenAI Researchers Ask Company to Preserve Visibility Into AI Reasoning In a letter to the board, recently terminated employees ask the industry not to move forward with work that would degrade the ability to monitor AI. ---- Microsoft and Nvidia Unveil AI-Centric Laptop and 'Hybrid Intelligence' The move gives Nvidia an important foothold in the PC market while Microsoft seeks to target AI power users while promising lower AI expenditure for users. ---- Wolfspeed Stock Soars on Financing Deal with Pentagon The Pentagon is providing more capital to ensure strong domestic supply of key materials. ---- Applied Digital's Earnings Show Its Data Center Bet Is Starting to Pay Off Applied Digital reported a 322% year-over-year jump in revenue. ---- Pepsi Earnings Are All About the Turnaround Plan PepsiCo's plan includes cutting nearly 20% of its U.S. products and reviewing its North American supply chain and distribution network. ---- How Mattel Blew Its Barbie Moment and What Comes Next for the Stock The toy maker faces a falling stock, a departed CEO, and shareholder activists pushing for a sale. ---- Ripple, Crypto's Payments Giant, Breaks Into Wall Street The crypto firm is emerging as a serious player in financing leveraged

Global Equities Roundup: Market Talk

The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day. 1635 ET - Levi Strauss is using its tariff refund to spur long-term growth. The jeans company put some of the refunds toward its immediate earnings, but also allotted some to reinvest into the business. Levi spent some of the refunds on promotion and marketing expenditures, which resulted in an additional $25 million expense in the third quarter. Of the 16 cents a share in refunds during the quarter, Levi spent 5 cents a share on reinvestments. It plans to redeploy $60 million in refunds this year back into the business. (katherine.hamilton@wsj.com) 1602 ET - Lululemon Athletica has tapped Athleta's chief executive to lead its product strategy during a difficult time for both athleticwear brands. Maggie Gauger has spent just over a year at Gap's athletic brand Athleta, after more than two decades at Nike. Athleta has not had a strong year and same-store sales fell 12% in the latest quarter, despite growth in Gap's other brands. It is facing many similar problems to Lululemon, such as reliance on promotions and weak customer engagement, which executives said in August would take a long time to fix. Lululemon, meanwhile, has consistently failed to get its new product launches to resonate with shoppers. (katherine.hamilton@wsj.com) 1601 ET - Lululemon Athletica's shake-up of its product leadership team comes after a long string of challenges for the athletic brand. The company is creating two new c-suite executives, including a head of product, while its head of brand activation and chief supply chain officer are departing. The company's stock has shed nearly 60% this year, as product launches have continually failed to resonate with shoppers. In the latest quarter, sales of Lululemon's core clothing categories in the Americas were slower than expected, while its Chinese business took an unexpected downturn. Analysts said the results created long-term concerns and a lack of visibility that could deter even the

Mattel Could Break Apart, Doesn't Need to Pursue an Outright Sale -- Market Talk

1330 ET - Ariel Investments doesn't necessarily want Mattel to sell itself. The asset-management firm, which has a 5.4% stake in the toymaker, says Barbie-doll maker should retain an independent financial advisory firm to explore various strategic alternatives, including a divestiture of significant assets, a merger or an outright sale. "We think (the board) will do the right thing for shareholders," Ariel Co-CEO John Rogers says in an interview with CNBC. "The leaders there have shown a history of doing the right thing." (connor.hart@wsj.com) (END) Dow Jones Newswires October 07, 2026 13:30 ET (17:30 GMT)

Mattel shares fall as investors urge strategic review

Neil J Kanatt, Reuters, October 6 - On Tuesday, shares of Mattel (MAT.O) dropped about 3% after investor Ariel Investments urged the toy maker to explore strategic options including a sale, merger, or divestiture of key assets. This move increased pressure on Mattel. Last week, the company announced CEO Ynon Kreiz would step down, which has sparked renewed acquisition interest in the company. Details are as follows: Ariel, which holds a 5.4% stake, said in a letter that Mattel’s stock remains significantly undervalued and that its portfolio could be attractive to other toy companies, entertainment firms, or private equity funds. A source told Reuters that last week, Authentic Brands—owner of brands such as Reebok, Brooks Brothers, and Guess—approached Mattel for a potential acquisition, valuing the company at around $6 billions or higher. This is the second time this year that investors have pushed for a strategic review. In May, Southeast Asset Management also urged Mattel to consider options including privatization, a sale to Hasbro (HAS.O), or selling to a media company. Mattel has faced pressures from weakened toy demand and rising tariff-related costs in recent years. The company stated it would "consider the views expressed in Ariel Investments’ letter" while "acting in the best interests of all shareholders." "The debate is increasingly focused on a central issue: are Mattel’s brands worth more inside the company or in someone else’s hands? Investors want evidence showing the company is worth more as a whole than the sum of its parts," said Brian Jacobsen, Chief Economist at Annex Wealth Management. According to data compiled by London Stock Exchange Group (LSEG), Mattel’s current share price is $15.65 and its forward price-to-earnings ratio is 10.45, compared to Hasbro’s P/E ratio of 14.35. (For the convenience of non-English speakers, Reuters provides automated translations of its reports in several languages. Because automated translations may contain errors or lack the necessary context, Reuters does not guarantee the accuracy of the translated texts and provides them only for readers' convenience. Reuters accepts no responsibility for any damage or loss arising from the use of automated translation features.)

BUZZ - Mattel stock falls as Ariel pushes for sale and says company restructuring has stalled

October 6 – ** Mattel, the maker of Barbie dolls (Mattel) MAT.O, saw its stock price drop by 2.6% to $7.6 ** Major shareholder Ariel Investments, in a letter seen by Reuters, urged the company to explore a possible sale of Mattel due to stalled business restructuring and insufficient profitability ** Ariel, which holds a 5.4% stake, stated that options could include a sale, merger, or asset divestiture, adding that a strategic buyer might pay a significant premium for the company ** Previous reports indicated that Authentic Brands AUTH.N had expressed an interest in acquiring the company last week, a deal that could value Mattel at around $6 billions ** Out of 16 brokers, 9 rate the stock as a “buy” or higher, 5 as “hold,” and 2 as “sell”; the median target price is $18—according to data compiled by LSEG ** Including the day’s fluctuation, the stock has fallen by 21.2% year-to-date (To facilitate non-English speakers, Reuters automatically translates its reports into several other languages. As automated translations might be inaccurate or lack necessary context, Reuters does not guarantee the accuracy and only provides automated text for readers’ convenience. Reuters assumes no responsibility for any loss or damage arising from the use of automated translation functionality.)

Dow Jones Top Company Headlines at 9 AM ET: Uber to Acquire Business Catering Platform ezCater for $2.3 Billion | Becton ...

Uber to Acquire Business Catering Platform ezCater for $2.3 Billion Uber Eats and Uber for Business will benefit from ezCater's network of more than 140,000 restaurants across the United States. ---- Becton Dickinson to Invest $19 Billion in U.S. in Exchange for Tariff Relief The move makes the needle- and medical-device maker the latest company to pledge to expand domestic manufacturing to secure an exemption from the Trump administration's tariffs. ---- Lamb Weston Lifts Fiscal 2027 Outlook Lamb Weston raised its outlook for the year after reporting higher-than-expected adjusted earnings and sales in its fiscal first quarter, driven by continued momentum in North America. ---- Energy Transfer to Acquire Vaquero Midstream for $2.63 Billion The deal consists of $1.95 billion in cash and about 33.3 million newly issued Energy Transfer common units. ---- Fintech Plaid Bets on Credit Scores to Fuel Next Phase of Growth EXCLUSIVE: Plaid is doubling down on its credit-scoring business with new AI models as the company aims to chart its next era of growth with a suite of products beyond its core business. ---- SoftBank-Backed DayOne Plans to Raise Up to $5 Billion in U.S. IPO Singapore-based DayOne Data Centers plans to list its American depositary shares on the Nasdaq by the end of the year. ---- What Oura's Stalled IPO Tells Us About One-Hit Wonders Oura pitched itself as a tech platform, but investors saw through that. ---- KKR Strikes Deal to Buy Private-Capital Fund Administrator Gen II Private-capital funds have proliferated in recent years as investors seek to reduce reliance on public markets. ---- Forbion Raises $2.6 Billion in Boost to European Biotech Industry Dutch haul comes despite European drugmakers and investors warning the region is losing ground. ---- NYSE Owner Launches Gold Futures in London The contract began trading Monday alongside new futures for silver, platinum and palladium. ---- L'Oreal Taps Advisers to Explore Unloading Chemical-Related Liabilities The cosmetics company's U.S. subsidiary i

Dow Jones Top Company Headlines at 7 AM ET: Fintech Plaid Bets on Credit Scores to Fuel Next Phase of Growth | SoftBank-Backed ...

Fintech Plaid Bets on Credit Scores to Fuel Next Phase of Growth EXCLUSIVE: Plaid is doubling down on its credit-scoring business with new AI models as the company aims to chart its next era of growth with a suite of products beyond its core business. ---- SoftBank-Backed DayOne Plans to Raise Up to $5 Billion in U.S. IPO Singapore-based DayOne Data Centers plans to list its American depositary shares on the Nasdaq by the end of the year. ---- What Oura's Stalled IPO Tells Us About One-Hit Wonders Oura pitched itself as a tech platform, but investors saw through that. ---- Forbion Raises $2.6 Billion in Boost to European Biotech Industry Dutch haul comes despite European drugmakers and investors warning the region is losing ground. ---- L'Oreal Taps Advisers to Explore Unloading Chemical-Related Liabilities The cosmetics company's U.S. subsidiary is working with Weil Gotshal and Ducera to address talc-related lawsuits. ---- Genmab Shares Climb After Positive Study Results for Blood-Cancer Drug The Danish company and AbbVie said their Epkinly drug helped extend the time patients with a common type of lymphoma lived. ---- KKR Strikes Deal to Buy Private-Capital Fund Administrator Gen II Private-capital funds have proliferated in recent years as investors seek to reduce reliance on public markets. ---- NYSE Owner Launches Gold Futures in London The contract began trading Monday alongside new futures for silver, platinum and palladium. ---- Berkshire Buys $190 Million More Lennar Stock; It Now Owns 12% of the Big Homebuilder Berkshire's latest purchases were made last Thursday and Friday. Lennar stock fell almost 7% Monday after the publication of a negative report on the company. ---- NYC Lawmakers Grill AI Executives and Former Employees as City Weighs Guardrails Former Anthropic researcher Jacob Coxon repeated his warnings at a hearing Monday. ---- Supreme Court Questions Oil Companies' Bid to Shut Down Climate Lawsuits Justices debate whether local governments can sue energy giants for harms linked to climate cha

Dow Jones Top Company Headlines at 5 AM ET: L'Oreal Taps Advisers to Explore Unloading Chemical-Related Liabilities | Genmab ...

L'Oreal Taps Advisers to Explore Unloading Chemical-Related Liabilities The cosmetics company's U.S. subsidiary is working with Weil Gotshal and Ducera to address talc-related lawsuits. ---- Genmab Shares Climb After Positive Study Results for Blood-Cancer Drug The Danish company and AbbVie said their Epkinly drug helped extend the time patients with a common type of lymphoma lived. ---- SoftBank-Backed DayOne Data Centers Plans to Raise Up to $5.0 Bln in U.S. IPO Singapore-based DayOne Data Centers plans to list its American depositary shares on the Nasdaq by the end of the year. ---- Berkshire Buys $190 Million More Lennar Stock; It Now Owns 12% of the Big Homebuilder Berkshire's latest purchases were made last Thursday and Friday. Lennar stock fell almost 7% Monday after the publication of a negative report on the company. ---- NYC Lawmakers Grill AI Executives and Former Employees as City Weighs Guardrails Former Anthropic researcher Jacob Coxon repeated his warnings at a hearing Monday. ---- KKR Strikes Deal to Buy Private-Capital Fund Administrator Gen II Private-capital funds have proliferated in recent years as investors seek to reduce reliance on public markets. ---- Supreme Court Questions Oil Companies' Bid to Shut Down Climate Lawsuits Justices debate whether local governments can sue energy giants for harms linked to climate change. ---- Barbie-Maker Mattel Faces Growing Shareholder Pressure to Consider a Sale Ariel Investments, which has a 5.4% stake in Mattel, said Monday it believes the company's shares remain significantly undervalued with its current structure as a public company. ---- Electronic Arts Bondholders Allege Default Following Largest LBO EA bondholders alleged a $1.4 billion debt default, escalating a dispute over whether the videogame maker must pay them off at a premium after going private in the largest leveraged buyout of all time. ---- Texas AG Paxton Launches Investigation Into UnitedHealth Group Texas Attorney General Ken Paxton has sent civil investigative demands to the comp

Dow Jones Top Company Headlines at 3 AM ET: L'Oreal Taps Advisers to Explore Unloading Chemical-Related Liabilities | SoftBank-Backed ...

L'Oreal Taps Advisers to Explore Unloading Chemical-Related Liabilities The cosmetics company's U.S. subsidiary is working with Weil Gotshal and Ducera to address talc-related lawsuits. ---- SoftBank-Backed DayOne Data Centers Plans to Raise Up to $5.0 Bln in U.S. IPO Singapore-based DayOne Data Centers plans to list its American depositary shares on the Nasdaq by the end of the year. ---- Berkshire Buys $190 Million More Lennar Stock; It Now Owns 12% of the Big Homebuilder Berkshire's latest purchases were made last Thursday and Friday. Lennar stock fell almost 7% Monday after the publication of a negative report on the company. ---- NYC Lawmakers Grill AI Executives and Former Employees as City Weighs Guardrails Former Anthropic researcher Jacob Coxon repeated his warnings at a hearing Monday. ---- KKR Strikes Deal to Buy Private-Capital Fund Administrator Gen II Private-capital funds have proliferated in recent years as investors seek to reduce reliance on public markets. ---- Supreme Court Questions Oil Companies' Bid to Shut Down Climate Lawsuits Justices debate whether local governments can sue energy giants for harms linked to climate change. ---- Barbie-Maker Mattel Faces Growing Shareholder Pressure to Consider a Sale Ariel Investments, which has a 5.4% stake in Mattel, said Monday it believes the company's shares remain significantly undervalued with its current structure as a public company. ---- Electronic Arts Bondholders Allege Default Following Largest LBO EA bondholders alleged a $1.4 billion debt default, escalating a dispute over whether the videogame maker must pay them off at a premium after going private in the largest leveraged buyout of all time. ---- Texas AG Paxton Launches Investigation Into UnitedHealth Group Texas Attorney General Ken Paxton has sent civil investigative demands to the company to collect evidence around potential violations of the Texas Deceptive Trade Practices Act, according to his office. ---- Centalion, Fresh From Rebrand, Does Deal for U.S. Gas Fields The trading f

Dow Jones Top Company Headlines at 1 AM ET: L'Oreal Taps Advisers to Explore Unloading Chemical-Related Liabilities | Berkshire ...

L'Oreal Taps Advisers to Explore Unloading Chemical-Related Liabilities The cosmetics company's U.S. subsidiary is working with Weil Gotshal and Ducera to address talc-related lawsuits. ---- Berkshire Buys $190 Million More Lennar Stock; It Now Owns 12% of the Big Homebuilder Berkshire's latest purchases were made last Thursday and Friday. Lennar stock fell almost 7% Monday after the publication of a negative report on the company. ---- NYC Lawmakers Grill AI Executives and Former Employees as City Weighs Guardrails Former Anthropic researcher Jacob Coxon repeated his warnings at a hearing Monday. ---- KKR Strikes Deal to Buy Private-Capital Fund Administrator Gen II Private-capital funds have proliferated in recent years as investors seek to reduce reliance on public markets. ---- Barbie-Maker Mattel Faces Growing Shareholder Pressure to Consider a Sale Ariel Investments, which has a 5.4% stake in Mattel, said Monday it believes the company's shares remain significantly undervalued with its current structure as a public company. ---- Supreme Court Questions Oil Companies' Bid to Shut Down Climate Lawsuits Justices debate whether local governments can sue energy giants for harms linked to climate change. ---- Electronic Arts Bondholders Allege Default Following Largest LBO EA bondholders alleged a $1.4 billion debt default, escalating a dispute over whether the videogame maker must pay them off at a premium after going private in the largest leveraged buyout of all time. ---- Texas AG Paxton Launches Investigation Into UnitedHealth Group Texas Attorney General Ken Paxton has sent civil investigative demands to the company to collect evidence around potential violations of the Texas Deceptive Trade Practices Act, according to his office. ---- Paramount Names Leadership Team for Combined Entity Post $81 Billion Warner Deal David Ellison, CEO of Paramount, will be chairman and chief executive of the combined company-dubbed Skydance-alongside co-CEO Ynon Kreiz. ---- C.H. Robinson to Buy RXO for About $5.8 Billion C.H

Dow Jones Top Company Headlines at 11 PM ET: L'Oreal Taps Advisers to Explore Unloading Chemical-Related Liabilities | Berkshire ...

L'Oreal Taps Advisers to Explore Unloading Chemical-Related Liabilities The cosmetics company's U.S. subsidiary is working with Weil Gotshal and Ducera to address talc-related lawsuits. ---- Berkshire Buys $190 Million More Lennar Stock; It Now Owns 12% of the Big Homebuilder Berkshire's latest purchases were made last Thursday and Friday. Lennar stock fell almost 7% Monday after the publication of a negative report on the company. ---- NYC Lawmakers Grill AI Executives and Former Employees as City Weighs Guardrails Former Anthropic researcher Jacob Coxon repeated his warnings at a hearing Monday. ---- Barbie-Maker Mattel Faces Growing Shareholder Pressure to Consider a Sale Ariel Investments, which has a 5.4% stake in Mattel, said Monday it believes the company's shares remain significantly undervalued with its current structure as a public company. ---- KKR Strikes Deal to Buy Private-Capital Fund Administrator Gen II Private-capital funds have proliferated in recent years as investors seek to reduce reliance on public markets. ---- Electronic Arts Bondholders Allege Default Following Largest LBO EA bondholders alleged a $1.4 billion debt default, escalating a dispute over whether the videogame maker must pay them off at a premium after going private in the largest leveraged buyout of all time. ---- Texas AG Paxton Launches Investigation Into UnitedHealth Group Texas Attorney General Ken Paxton has sent civil investigative demands to the company to collect evidence around potential violations of the Texas Deceptive Trade Practices Act, according to his office. ---- Paramount Names Leadership Team for Combined Entity Post $81 Billion Warner Deal David Ellison, CEO of Paramount, will be chairman and chief executive of the combined company-dubbed Skydance-alongside co-CEO Ynon Kreiz. ---- C.H. Robinson to Buy RXO for About $5.8 Billion C.H. Robinson Worldwide has agreed to buy truck broker RXO for around $5.8 billion in cash and stock in a deal that would create a logistics company with an enterprise value topping

Dow Jones Top Company Headlines at 9 PM ET: L'Oreal Taps Advisers to Explore Unloading Chemical-Related Liabilities | NYC ...

L'Oreal Taps Advisers to Explore Unloading Chemical-Related Liabilities The cosmetics company's U.S. subsidiary is working with Weil Gotshal and Ducera to address talc-related lawsuits. ---- NYC Lawmakers Grill AI Executives and Former Employees as City Weighs Guardrails Former Anthropic researcher Jacob Coxon repeated his warnings at a hearing Monday. ---- Barbie-Maker Mattel Faces Growing Shareholder Pressure to Consider a Sale Ariel Investments, which has a 5.4% stake in Mattel, said Monday it believes the company's shares remain significantly undervalued with its current structure as a public company. ---- KKR Strikes Deal to Buy Private-Capital Fund Administrator Gen II Private-capital funds have proliferated in recent years as investors seek to reduce reliance on public markets. ---- Electronic Arts Bondholders Allege Default Following Largest LBO EA bondholders alleged a $1.4 billion debt default, escalating a dispute over whether the videogame maker must pay them off at a premium after going private in the largest leveraged buyout of all time. ---- Texas AG Paxton Launches Investigation Into UnitedHealth Group Texas Attorney General Ken Paxton has sent civil investigative demands to the company to collect evidence around potential violations of the Texas Deceptive Trade Practices Act, according to his office. ---- Paramount Names Leadership Team for Combined Entity Post $81 Billion Warner Deal David Ellison, CEO of Paramount, will be chairman and chief executive of the combined company-dubbed Skydance-alongside co-CEO Ynon Kreiz. ---- C.H. Robinson to Buy RXO for About $5.8 Billion C.H. Robinson Worldwide has agreed to buy truck broker RXO for around $5.8 billion in cash and stock in a deal that would create a logistics company with an enterprise value topping $25 billion. ---- GE HealthCare to Buy Sofie for Nearly $1 Billion to Grow Medical-Imaging Business The deal expands GE HealthCare's footprint in radiopharmaceuticals, its fastest-growing segment. ---- Aramco CEO Says Oil Inventories Could Take Two

Dow Jones Top Company Headlines at 7 PM ET: Paramount Names Leadership Team for Combined Entity Post $81 Billion Warner Deal | Schneider ...

Paramount Names Leadership Team for Combined Entity Post $81 Billion Warner Deal David Ellison, CEO of Paramount, will be chairman and chief executive of the combined company-dubbed Skydance-alongside co-CEO Ynon Kreiz. ---- Schneider Electric to Buy Software Maker PTC for $22.6 Billion The acquisition aims to create one of the largest industrial-software portfolios at a time when the rise of AI is reshaping customer needs. ---- Barbie-Maker Mattel Faces Growing Shareholder Pressure to Consider a Sale Ariel Investments, which has a 5.4% stake in Mattel, said Monday it believes the company's shares remain significantly undervalued with its current structure as a public company. ---- C.H. Robinson to Buy RXO for About $5.8 Billion C.H. Robinson Worldwide has agreed to buy truck broker RXO for around $5.8 billion in cash and stock in a deal that would create a logistics company with an enterprise value topping $25 billion. ---- KKR Strikes Deal to Buy Private-Capital Fund Administrator Gen II Private-capital funds have proliferated in recent years as investors seek to reduce reliance on public markets. ---- Electronic Arts Bondholders Allege Default Following Largest LBO EA bondholders alleged a $1.4 billion debt default, escalating a dispute over whether the videogame maker must pay them off at a premium after going private in the largest leveraged buyout of all time. ---- GE HealthCare to Buy Sofie for Nearly $1 Billion to Grow Medical-Imaging Business The deal expands GE HealthCare's footprint in radiopharmaceuticals, its fastest-growing segment. ---- Texas AG Paxton Launches Investigation Into UnitedHealth Group Texas Attorney General Ken Paxton has sent civil investigative demands to the company to collect evidence around potential violations of the Texas Deceptive Trade Practices Act, according to his office. ---- Starbucks Accused of Mislabeling 'Sugar-Free' Protein Drinks in Lawsuit The class action case filed by three consumers on behalf of a proposed class of Starbucks customers alleges that eight beverage

Updated Version 4 - Mattel Investor Ariel Urges Sale Amid Stalled Turnaround

Ariel Investments holds a 5.4% stake in Mattel and believes the stock remains severely undervalued. Mattel stated it will take into account the opinions of Ariel and other shareholders. According to sources, Authentic Brands Group approached Mattel last week, with a potential valuation of around $6 billion. Analyst comments and a chart were added in paragraph 10. Juveria Tabassum/Angela Christy M Reuters, October 5 – A letter obtained by Reuters shows that a major shareholder of Mattel (MAT.O) on Monday urged the Barbie-maker to explore a sale, citing stagnant growth in performance and profitability. Ariel Investments, holding a 5.4% stake in Mattel, stated that the company’s stock is still severely undervalued. “We believe that strategic buyers would be willing to acquire your company at a price significantly above the current share price,” Ariel Co-CEO John Rogers wrote in a letter to Mattel’s board. The asset management firm suggested Mattel's options include “divesting significant assets, mergers, and/or an outright sale of the company.” Ariel believes other toy companies may be interested in Mattel’s asset portfolio, as well as entertainment firms and traditional private equity companies. In recent years, despite Mattel’s stabilizing business and the box-office success of the Barbie movie, the company has faced fluctuating sales and rising input costs. Operating profit has declined for six consecutive quarters. In after-hours trading, Mattel's shares rose 0.9% to $16.20. Ariel’s initiative comes as Mattel undergoes leadership changes (link). CEO Ynon Kreiz stepped down last month to become Co-CEO of Paramount Skydance (PSKY.O), while board member Roger Lynch—former editor-in-chief of Vogue and head of Condé Nast, parent company of The New Yorker—will assume the CEO role next month. Mattel replied to Reuters by email: “Our board and management team are committed to acting in the best interests of all shareholders, and will consider the views expressed in the letter from Ariel Investments, as well as those of other Mattel shareholders.” This is the second time this year investors have asked Mattel to consider strategic options. In May, Mattel investor Southeastern Asset Management called for the company to explore various options (link), including privatization, acquisition by competitor Hasbro (HAS.O), or by a major media company that could value Mattel’s assets more fairly than the public market. Last week, a person familiar with the matter told Reuters that Authentic Brands Group (AUTH.N) approached Mattel about a potential acquisition (link), which could value the toymaker at about $6 billion or higher. The source noted that there is no guarantee Mattel will accept Authentic Brands’ proposal, and the company is not conducting a formal sale process at this time. Following the news, Mattel’s share price soared. Despite the rebound, the stock remains down about 20% year-to-date. According to London Stock Exchange Group (LSEG) data, Mattel’s 12-month forward price-to-earnings ratio stands at 9.99, compared to an industry average of 14.03. “I think this just reflects the market’s frustration about the business possibly being a bit stagnant. Given the current level of valuation, now may be a good time to turn around the business away from the spotlight of investors,” said Morningstar analyst Jaime Katz. (For the convenience of non-English speakers, Reuters automatically translates its reports into several languages. As automated translations may contain errors or lack context, Reuters does not guarantee the accuracy of automated translation texts and provides them solely for readers’ convenience. Reuters assumes no liability for any loss or damage resulting from the use of the automated translation feature.)

BRIEF-Ariel Investments Urges Mattel’S Board To Retain Independent Financial Advisory Firm To Explore Strategic Alternatives

Mattel Inc MAT.O: ARIEL INVESTMENTS: URGES MATTEL’S BOARD TO RETAIN INDEPENDENT FINANCIAL ADVISORY FIRM TO EXPLORE STRATEGIC ALTERNATIVES ARIEL INVESTMENTS: ACCUMULATED POSITION REPRESENTING 5.4% OF MATTEL'S OUTSTANDING SHARES ARIEL INVESTMENTS: WE BELIEVE MATTEL’S SHARES REMAIN SIGNIFICANTLY UNDERVALUED UNDER ITS CURRENT STRUCTURE AS AN INDEPENDENT PUBLIC COMPANY ARIEL INVESTMENTS: ALTERNATIVES MIGHT INCLUDE DIVESTITURE OF SIGNIFICANT ASSETS, MERGER AND/OR AN OUTRIGHT SALE OF MATTEL Source text: [ID:] Further company coverage: MAT.O

Dow Jones Top Company Headlines at 5 PM ET: Paramount Names Leadership Team for Combined Entity Post $81 Billion Warner Deal | Schneider ...

Paramount Names Leadership Team for Combined Entity Post $81 Billion Warner Deal David Ellison, CEO of Paramount, will be chairman and chief executive of the combined company-dubbed Skydance-alongside co-CEO Ynon Kreiz. ---- Schneider Electric to Buy Software Maker PTC for $22.6 Billion The acquisition aims to create one of the largest industrial-software portfolios at a time when the rise of AI is reshaping customer needs. ---- Barbie-Maker Mattel Faces Growing Shareholder Pressure to Consider a Sale Ariel Investments, which has a 5.4% stake in Mattel, said Monday it believes the company's shares remain significantly undervalued with its current structure as a public company. ---- C.H. Robinson to Buy RXO for About $5.8 Billion C.H. Robinson Worldwide has agreed to buy truck broker RXO for around $5.8 billion in cash and stock in a deal that would create a logistics company with an enterprise value topping $25 billion. ---- Trump Accounts' Extraordinary Expansion Puts Individual Stocks Into Kids' Holdings The latest shift in the program ties children's wealth building directly to the fate of particular companies. ---- Electronic Arts Bondholders Allege Default Following Largest LBO EA bondholders alleged a $1.4 billion debt default, escalating a dispute over whether the videogame maker must pay them off at a premium after going private in the largest leveraged buyout of all time. ---- GE HealthCare to Buy Sofie for Nearly $1 Billion to Grow Medical-Imaging Business The deal expands GE HealthCare's footprint in radiopharmaceuticals, its fastest-growing segment. ---- Texas AG Paxton Launches Investigation Into UnitedHealth Group Texas Attorney General Ken Paxton has sent civil investigative demands to the company to collect evidence around potential violations of the Texas Deceptive Trade Practices Act, according to his office. ---- Starbucks Accused of Mislabeling 'Sugar-Free' Protein Drinks in Lawsuit The class action case filed by three consumers on behalf of a proposed class of Starbucks customers alleges that

Mattel Should Retain Independent Financial Advisory Firm to Explore Strategic Alternatives, Ariel Investments Says

Mattel Should Retain Independent Financial Advisory Firm to Explore Strategic Alternatives, Ariel Investments Says

Paramount Skydance names CEO leadership team led by David Ellison, Ynon Kreiz after WBD deal close

Paramount Skydance named a CEO leadership team to run the combined Skydance group tied to the planned Warner Bros. Discovery acquisition. David Ellison will serve as chairman and CEO; he previously led Paramount and earlier founded Skydance Media in 2010. Ynon Kreiz will serve as co-CEO; he most recently ran Mattel, previously led Maker Studios and Endemol Group. Andy Gordon was named president; he is Paramount’s chief strategy officer and COO, previously a RedBird partner and a longtime Goldman Sachs banker. Ellison, Kreiz, Gordon will join the board, with Ellison as chairman. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Paramount Skydance Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610050900PR_NEWS_USPR_____NY63480) on October 05, 2026, and is solely responsible for the information contained therein.

Markets Need the Jobs Report to Point to a Fed Hold -- Barrons.com

Dow Jones Top Company Headlines at 5 AM ET: Volvo Car Pulls Guidance as Chinese Auto Market Worsen | Nike ...

Dow Jones Top Company Headlines at 3 AM ET: Nike Plans a Smaller Company as Sales Slide Deepens | ON ...

Dow Jones Top Company Headlines at 1 AM ET: Nike Plans a Smaller Company as Sales Slide Deepens | ON ...

Dow Jones Top Company Headlines at 11 PM ET: Nike Plans a Smaller Company as Sales Slide Deepens | ON ...

Dow Jones Top Company Headlines at 9 PM ET: Nike Plans a Smaller Company as Sales Slide Deepens | ON ...

Mattel, the maker of Barbie dolls, surges 19%! Acquired by Authentic Brands Group with an offer possibly exceeding $20 per share

According to media reports, Authentic Brands Group has privately approached Mattel to discuss an acquisition offer. The bid could exceed $20 per share, corresponding to an overall valuation of around $6 billion or higher. There is no guarantee that both parties will eventually reach an agreement. Additionally, with a new CEO about to take charge at Mattel, whose strategic plans have yet to be clarified, the potential deal may become even more complex.

ANALYSIS-David Ellison's appointment of Kreiz brings cost-cutter to Paramount-Warner Bros Discovery

U.S. Stocks Rise After Bond Market Flips In Choppy Trading -- Update

Mattel Stock Ends Sharply Higher After WSJ Report of Takeover Interest -- WSJ

Mattel's Stock Surges on Report of Authentic Brands Interest -- Barrons.com

Sector Update: Consumer Stocks Mixed Late Afternoon