EL SEGUNDO, Calif., Dec. 8 /PRNewswire-FirstCall/ -- Mattel, Inc.
(NYSE: MAT) today announced plans to withdraw the listing of its common
stock from NYSE Arca, Inc., formerly the Pacific Exchange. Mattel's common
stock will continue to be listed on the New York Stock Exchange.
Mattel has decided to withdraw its listing from NYSE Arca, Inc. to
streamline operations and eliminate duplicative administrative requirements
inherent with dual listings as a result of the NYSE Group's recent merger
with Archipelago Holdings, the parent company of NYSE Arca. The withdrawal
is expected to be effective within the next month.
Mattel does not believe that withdrawing its listing from NYSE Arca,
Inc. will have any impact on the liquidity of its stock. NYSE Arca will
continue to trade Mattel stock on an unlisted trading privilege basis.
About Mattel
Mattel, Inc., (NYSE: MAT) (http://www.mattel.com) is the worldwide leader in
the design, manufacture and marketing of toys and family products,
including Barbie(R), the most popular fashion doll ever introduced. The
Mattel family is comprised of such best-selling brands as Hot Wheels(R),
Matchbox(R), American Girl(R), Radica(R) and Tyco(R) R/C, as well as
Fisher-Price(R) brands (http://www.fisher-price.com), including Little People(R),
Rescue Heroes(R), Power Wheels(R) and a wide array of
entertainment-inspired toy lines. With worldwide headquarters in El
Segundo, Calif., Mattel employs more than 30,000 people in 42 countries and
sells products in more than 150 nations throughout the world. The Mattel
vision is to be the world's premier toy brands -- today and tomorrow.
Note: Forward-looking statements with respect to the financial
condition, results of operations and business of the company are subject to
certain risks and uncertainties that could cause actual results to differ
materially from those set forth in such statements. These include without
limitation: the company's dependence on the timely development,
manufacture, introduction and customer acceptance of new products; the
seasonality of the toy business; customer concentration and pricing;
significant changes in buying and payment patterns of major customers,
including as a result of bankruptcy and store closures; adverse changes in
general economic conditions in the U.S. and internationally, including
adverse changes in the retail environment, employment and the stock market;
order predictability and supply chain management; the impact of
competition, including from private label toys, on revenues and margins;
the supply and cost of raw materials (including oil and resin prices),
components, employee benefits and various services; the effect of currency
exchange rate fluctuations on reportable income; risks associated with
acquisitions and mergers; the possibility of product recalls and related
costs; risks associated with foreign operations; negative results of
litigation, governmental proceedings or environmental matters; changes in
laws and regulations; possible work stoppages, slowdowns or strikes;
possible outbreaks of SARS, bird flu, or other diseases; political
developments and the threat or occurrence of war or terrorist acts; the
possibility of catastrophic events; the inherent risk of new initiatives;
and other risks and uncertainties as may be detailed from time to time in
the company's public announcements and SEC filings. This release contains a
forward-looking statement about effect of delisting on the liquidity of
Mattel stock. Mattel does not update forward-looking statements and
expressly disclaims any obligation to do so.
SOURCE Mattel, Inc.
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Related links:
http://www.fisher-price.com
http://www.mattel.com
http://www.prnewswire.com/comp/540363.html /
CONTACT:
News Media, Lisa Marie Bongiovanni,
+1-310-252-3524, LisaMarie.Bongiovanni@mattel.com, or Securities
Analysts, Mike Salop, +1-310-252-2703, Mike.Salop@mattel.com,
both of Mattel, Inc.
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