Ever since the rumours started circulating that Disney were about to start an approach to buy out Hasbro Inc traders have been scrambling for Hasbro stock which lead to Wall Street analysts taking a closer look into the possible deal between these two giants. This has led to an article being published in the Providence Journal by John Kostrzewa in which he states that:
"Hasbro declined comment, citing its policy of not talking about rumor or speculation. CNBC analyst David Faber reported that Hasbro's advisors told him there's "absolutely nothing going on that they are aware of at all, in any way, shape or form" involving Hasbro or Disney."
So advisors to Hasbro, tell a DNBC analyst "nothing to it", which leads John to directly ask Hasbro Inc who decline to comment. What does this mean? Well it's an "unofficial no" and not an official statement, though Hasbro will always decline to comment as they will not want to be seen as being negative just incase Disney are working out a offer.
This story is expected to continue to run