Mattel Inc. fell the most in almost 6 months Aug. 9 after the company said it would pull a bond sale as it looks into “an anonymous whistleblower letter.”
The toymaker became aware of the letter on Aug. 6, according to a filing late Aug. 8. Mattel said it is terminating the sale of senior notes due in 2027 “to provide the company with an opportunity to investigate the matters set forth in the letter.”
The sale had been scheduled to close on AUg. 8. Mattel said it plans to refinance bonds that are due in October 2020 before maturity. ...
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