Following reports of a leveraged buyout of Hasbro to take the company private, the toy maker disclosed that it had been approached by a private-equity firm, but no further talks would be pursued.
Hasbro released in a statement Thursday, "that it is not having any discussions regarding the sale of the company."
Prior to Hasbro's announcement,
The Wall Street Journal
had reported that if a buyout were to occur, it would have marked the year's largest private-equity deal. Hasbro has a market value of approximately $6 billion.
also named Providence Equity Partners as the firm involved.
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