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Mattel snubs Hasbro's latest acquisition approach

Mattel's rebuttal indicates that Margaret Georgiadis is seeking to drive a hard bargain in negotiations with Hasbro

Bloomberg 

Mattel has rebuffed Hasbro Inc's latest takeover approach, people familiar with the matter said on Wednesday, casting uncertainty over the potential combination of the world's two largest toy companies. Mattel's rebuttal indicates that Margaret Georgiadis, who took over as the company's chief executive in February, is seeking to drive a hard bargain in negotiations with Hasbro, even though Mattel's stock has significantly underperformed that of Hasbro in the last year.  Mattel has informed Hasbro its proposal undervalues the company and does not take ...

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First Published: Fri, November 17 2017. 01:58 IST
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