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Hasbro Stock Prime Climbs on Speculation of Disney Acquisition - Advisory Team Deny Talks

By Jack on Wednesday, November 07, 2012



After the election results from last night, many of us are scratching our heads after experts warned us of very close race that didn't turn out that way at all. So take what your are told with a bowling-ball of salt as rumors about the Hasbro acquisition by Disney are pushing stock prices up 6.8%. Hasbro's advisors are denying the events and other analysts are second guessing the deal as not making much sense due to Hasbro's need to cut ties with Disney's competitors.
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.

Wall Street analysts said a Disney acquisition didn't make much sense, just after Disney agreed to buy Lucasfilm Ltd. for $4.05 billion. And for any deal to happen, Hasbro would have to dissolve agreements with Disney's competitors.

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