- Mattel (NASDAQ:MAT) has rebuffed Hasbro’s (NASDAQ:HAS) latest takeover approach, casting uncertainty over a potential merger of the world’s two largest toy companies, Reuters reports; MAT -1.2% after-hours.
- MAT believes the proposal undervalues the company and does not take sufficiently into account the potential for regulators to reject the deal based on antitrust concerns, according to the report.
- The terms HAS has proposed are not known, and it is not clear whether negotiations between the two companies will continue.