MAT - Mattel - toysRthem Message Board

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Non-Tech : MAT - Mattel - toysRthem

MAT 20.40

+0.3%

2:55 PM EST

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To: Stuart Scolnik who wrote (489)	5/13/2000 2:25:00 AM
From: Peter Speyer	Read Replies (2) of 706

The MAT tender offer was allegedly a fraud. Big and little investors appear to have been ripped off, as Carnegie Investment Management took the tendered shares and never paid for them. They used the MAT stock as a huge margin collateral, and traded in tech stocks, apparently not very adeptly. They have now declared bankruptcy. An interesting article by Dan Colarusso appears in TheStreet.com, using the link below. I'm sorry for you Stuart--I hope you recover some of your money. Good luck. thestreet.com

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