From MarketWatch:

Shares of Mattel (MAT) traded higher after activist investor Barington Capital acquired a stake in the company. The stock rose 4.3% to $19.05 in after-hours trading, following a 14% drop in the last year. Barington sent a letter to CEO Ynon Kreiz urging strategic alternatives for Fisher-Price and American Girl businesses, as well as a pullback on stock-based compensation and a $2 billion share buyback. This news will likely impact shareholder confidence and the future trajectory of the toy company’s business.



Read more: Mattel shares rise 4% after WSJ reports activist interest