Toymaker Mattel Inc. said it would pull a bond sale because of “an anonymous whistleblower letter.” The announcement drove Mattel’s share price down as much as 11 per cent, to $11.90, in after-hours trading, according to a report from Bloomberg.
The company “was made aware of an anonymous whistleblower letter” on Aug. 6, according to a
The sale had been scheduled to close on Thursday. Mattel said it plans to refinance bonds that are due in October 2020 before maturity. It didn’t offer any further details about the letter. Spokeswoman Dena Cook said the company had no comment to add beyond what’s in the filing.
Mattel’s stock price had gained 34 per cent this year through Thursday’s close, boosted last month as the company signaled it is making progress in revamping operations and reported quarterly revenue that outpaced expectations.
The Yale Program on Stakeholder Innovation and Management announced the appointment of Alan Murray, departing chief…
The Advocate is looking for a savvy reporter to cover the Baton Rouge business scene…
MLex, a LexisNexis company, is an independent news organization for breaking news and forward-looking analysis…
The Austin Business Journal seeks a staff writer to cover economic development in one of…
A Russian court on Saturday placed Sergei Mingazov, a journalist for the Russian edition of…
Justin Nielsen of Investor's Business Daily writes about the newspaper's 40th anniversary. Nielsen writes, "When the…