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Mattel Turns Down Hasbro’s Offer of a Takeover

Last week, we shared word that Hasbro was looking to potentially take over Mattel. It seems that Mattel has declined Hasbro‘s offer, and is apparently looking to drive a hard bargain if the two toy giants are to come together. Reuters, citing sources close to the situation, states that Hasbro’s proposal was significantly lower than Mattel values its business. Here’s a snippet: Mattel has informed Hasbro its proposal undervalues the company and does not take sufficiently into account the potential for regulators to reject the deal based on antitrust concerns, the sources said. The terms Hasbro has proposed » Continue Reading.

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