Mattel rejects Hasbro bid
Reports suggest proposed acquisition has been rebuffed by Mattel
Mattel has rejected a recent takeover bid from its rival Hasbro, according to sources Reuters has spoken with.
The report says Mattel feels the acquisition proposition undervalues the Barbie and Hot Wheels maker, and does not take into account the potential interference from industry regulators.
The terms Hasbro offered are still unclear, and while some industry analysts see the rejection as an attempt by Mattel's board to drive a hard bargain, it is unclear whether the deal is still on the table.