Does a Hasbro-Mattel Merger Really Raise Antitrust Concerns?
Toymaker Mattel (NASDAQ: MAT) rejected the merger offer reportedly made by rival Hasbro (NASDAQ: HAS) because it attempted to lowball the value of the company and failed to take into consideration potential antitrust objections that would likely be raised by joining the two companies together.
Without knowing exactly how much Hasbro supposedly bid for Mattel, it's hard to say whether it was too low, but since the toymaker's sales were sent reeling by the bankruptcy of Toys R Us and it was forced to suspend its dividend to conserve cash, it must have been an especially paltry sum to be "too low." Mattel is now counting on the Christmas shopping season to salvage its business.
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Source: Fool.com
Hasbro Inc. Stock
€64.27
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With a target price of 70 € there is a slightly positive potential of 8.92% for Hasbro Inc. compared to the current price of 64.27 €.
