Hasbro Not In Talks With Private Equity Firm to Sell
According to my sources, there is zero chance of a private equity deal with Hasbro—in any way, shape or form—or specifically with the private equity firm Providence Equity Partners.
Hasbro's board of directors rejected, out of hand, an approach from the PE firm Providence Equity Partners about a go-private transaction and no talks have since taken place between Hasbro and Providence, according to sources close to the situation.
Two weeks ago, Hasbro's board told Providence it had no interest in a go-private transaction.
It was approached about a deal prior to Memorial Day and did not have any discussions about that approach in the weeks between when it was made and the rejection.
- Official Press Release: Hasbro Comments on Market Rumors
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