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Fly News Breaks for February 5, 2016
MAT, HAS
Feb 5, 2016 | 08:40 EDT
After Bloomberg reported that Hasbro (HAS) and Mattel (MAT) have held talks about a possible merger, Wells Fargo noted that Hasbro has consistently denied interest in merging with Mattel and said such a merger is "possible but not likely." The firm says that if such a merger did occur, it would likely be a merger of equals, due to the rebound in Mattel's stock since October. Wells says the companies would have synergies, given their strength in different product areas, while the deal would face regulatory hurdles in the U.S. and Europe. Wells keeps an Outperform rating on Mattel and a Market Perform rating on Hasbro.
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