Home / Business and Economy / Mattel Board Adds EdgePoint Partner Amid Takeover Buzz
Mattel Board Adds EdgePoint Partner Amid Takeover Buzz
22 Oct
Summary
- Mattel appointed Lee Matheson to its board on Wednesday.
- EdgePoint Investment Group is Mattel's largest shareholder.
- EdgePoint holds an approximately 18% stake in Mattel.
Mattel Inc. has appointed Lee Matheson, a partner at EdgePoint Investment Group, to its board of directors. This strategic addition occurred on Wednesday, bringing a significant, longtime shareholder into the company's governance. The appointment takes place as Mattel has reportedly attracted takeover interest.
EdgePoint Investment Group holds the position of Mattel's largest shareholder, possessing an approximately 18% stake in the company. Matheson's inclusion on the board signifies a crucial moment for Mattel, particularly given the current takeover speculation surrounding the toy manufacturer.
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