Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Hasbro    HAS

HASBRO (HAS)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

U.S. toymaker Hasbro makes new approach to buy Mattel - source

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/11/2017 | 01:59am CET
Mattel's Wonder Woman doll is seen at the 114th North American International Toy Fair in New York City

Hasbro Inc (>> Hasbro) has made an approach to acquire rival Mattel Inc (>> Mattel, Inc.), a source familiar with the matter said on Friday, the latest attempt to combine the two biggest U.S. toymakers in more than two decades.

Hasbro Inc (>> Hasbro) has made an approach to acquire rival Mattel Inc (>> Mattel, Inc.), a source familiar with the matter said on Friday, the latest attempt to combine the two biggest U.S. toymakers in more than two decades.

A deal would create a toy powerhouse, uniting Hasbro's My Little Pony, Monopoly and Nerf brands with Mattel's Barbie dolls and Hot Wheels toys. A combined company would have more pricing power to negotiate with entertainment studios over TV and movie franchises.

Mattel's stance towards Hasbro in this overture is not clear, and it remains far from certain that a deal will materialise, the source said, asking not to be identified because the matter is confidential.

Hasbro and Mattel declined to comment. The Wall Street Journal first reported Hasbro's latest approach to Mattel.

Shares of Mattel jumped about 24 percent in after-hours trading. Hasbro shares rose about 3.3 percent.

Hasbro has a market value of about $11 billion (8.34 billion pounds) after a near 18 percent increase in its stock price so far in 2017. Mattel's shares have slumped 47 percent this year, valuing the company at $4.8 billion and making it more vulnerable as a takeover target.

The September bankruptcy of Toys "R" Us, the biggest U.S. toy retailer, highlighted the struggles facing the sector, including online competition and children's shifting preference for electronics over traditional toys.

Mattel has pointed to that bankruptcy as a reason for weak sales.

Two weeks ago, Mattel suspended its dividend and Chief Executive Margo Georgiadis, who took the job in January, warned the company would miss its full-year revenue forecast. Mattel's stock fell to its lowest level since 2009 that day.

"Both companies would benefit from a merger, but Mattel stockholders might oppose a deal that values the company on its depressed stock price," said Erik Gordon, a professor at the University of Michigan's Ross School of Business.

Hasbro and Mattel have had talks several times over the years, including in 1996 and again sometime in late 2015.

Hasbro, which is trying to diversify its revenue stream, also sought to buy U.S. movie studio and entertainment company Lions Gate Entertainment Corp (>> Lions Gate Entertainment Corp. (USA)) this year, but those talks ended without a deal, Reuters reported in August.

That deal would have given Hasbro a direct pipeline into Hollywood, with more movies and TV shows tied to its toy brands.

In 2014, Hasbro held merger discussions with DreamWorks Animation SKG Inc, the studio behind "Shrek," but DreamWorks was subsequently bought by Comcast Corp (>> Comcast Corporation).

(Reporting by Greg Roumeliotis in New York; Additional reporting by Jessica DiNapoli in New York and Yashaswini Swamynathan and Gayathree Ganesan in Bengaluru; Editing by Savio D'Souza and Leslie Adler)

By Greg Roumeliotis

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HASBRO
11/16 HASBRO : to Match Donations to Toys for Tots to Help Bring Joy to More Families ..
11/16 Viacom expects distributor revenue to drop in 2018; shares sink
11/16 Viacom expects distributor revenue to drop in 2018; shares sink
11/14 WIZKIDS : Expands Licensing Partnership with Wizards of the Coast
11/14 HASBRO : Today’s Research Reports on Stocks to Watch: Hasbro, Inc. and Mattel In..
11/13 MATTEL : Stock Swells on Merger Talk
11/12 HASBRO : reportedly offers to buy Mattel
11/11 U.S. toymaker Hasbro makes new approach to buy Mattel - source
11/11 U.S. toymaker Hasbro makes new approach to buy Mattel
11/11 U.S. toymaker Hasbro makes new approach to buy Mattel
More news
News from SeekingAlpha
11/17 HASBRO-MATTEL MERGER : Key Stumbling Blocks
11/16 MATTEL : Some Takeover Considerations
11/16 WALL STREET BREAKFAST : Tesla Plugs In New Truck
11/15 REUTERS : Mattel nixes Hasbro's latest takeover approach
11/14 Fitch Ratings on toy M&A
Financials ($)
Sales 2017 5 353 M
EBIT 2017 846 M
Net income 2017 631 M
Debt 2017 373 M
Yield 2017 2,34%
P/E ratio 2017 19,17
P/E ratio 2018 18,38
EV / Sales 2017 2,30x
EV / Sales 2018 2,21x
Capitalization 11 944 M
Chart HASBRO
Duration : Period :
Hasbro Technical Analysis Chart | HAS | US4180561072 | 4-Traders
Technical analysis trends HASBRO
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 106 $
Spread / Average Target 10%
EPS Revisions
Managers
NameTitle
Brian D. Goldner Chairman & Chief Executive Officer
John A. Frascotti President
Tom Courtney Executive Vice President-Global Operations
Deborah M. Thomas CFO, Principal Accounting Officer & Executive VP
Alan G. Hassenfeld Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
HASBRO23.27%11 944
TAKE-TWO INTERACTIVE SOFTWARE INC139.03%13 438
UBISOFT ENTERTAINMENT93.96%8 904
BANDAI NAMCO HOLDINGS INC19.38%7 626
MATTEL, INC.-32.20%6 421
CD PROJEKT SA113.22%2 981