Mattel Appoints EdgePoint Partner Lee Matheson to Board Under Agreement
Photo: TokenPost
Mattel appointed EdgePoint Investment Group Inc. partner Lee Matheson to its board Oct. 21 under a cooperation agreement, adding a director tied to the manager of an approximately 18% stake. EdgePoint manages the stake in the toy maker. Matheson’s appointment comes as Mattel faces a separate request from Southeastern Asset Management, Inc. to explore a sale. Southeastern said in a May 7 letter that it managed more than 4% of Mattel’s common stock for clients. It urged the board to consider a sale to private equity, another toy company or a media company.
Source: TokenPost
