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Hasbro Remains Publicly Traded

By Claire Stephanic – Updated Apr 6, 2017 at 12:54PM

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NASDAQ: HAS

Hasbro, Inc.

Market Cap

$10B

Today's Change

(-2.81%) -$2.05

Current Price

$70.99

Price as of September 23, 2022, 4:00 p.m. ET

Rumors circulated by The Wall Street Journal have now been squashed.

Hasbro (NYSE: HAS) has been rumored to be in talks with a private-equity firm to go private. However, the toy maker made a statement on Thursday that it, in fact, does not plan to go private. Hasbro was apparently approached by Providence Equity Partners, but its board of directors is not interested in pursuing a deal.

The report goes on to mention that Hasbro's shares rose 10% on the rumor but have since halted. Hasbro, and its competitor Mattel (Nasdaq: MAT), experienced a decline in sales throughout the recession, but both have seen a recovery of late in accordance with economy. In addition, Hasbro has plans to partner with Discovery Communications (Nasdaq: DISCA) in a new children's television network launching Oct. 10, which could make it attractive to potential private investors. Though at least for now, the company remains public.

Claire Stephanic owns no shares of any of the companies mentioned. Hasbro is a Stock Advisor recommendation. The Motley Fool has a disclosure policy.

Stocks Mentioned

Hasbro, Inc.

HAS

$70.99 (-2.81%) $-2.05

Warner Bros. Discovery, Inc.

DISC.A

Mattel, Inc.

MAT

$19.90 (-1.24%) $0.25

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Hasbro Inc (HAS) Q4 2019 Earnings Call Transcript

Hasbro Inc (HAS) Q2 2019 Earnings Call Transcript

Hasbro Inc (HAS) Q1 2019 Earnings Call Transcript

Hasbro Misses on the Top and Bottom Lines

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