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Reuters: Mattel nixes Hasbro's latest takeover approach

Nov. 15, 2017 5:28 PM ETMattel, Inc. (MAT) StockMAT, HASBy: Carl Surran, SA News Editor20 Comments
  • 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.

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