Mattel drops on report that it rebuffed approach from Hasbro

MATTEL HAS INFORMED Hasbro that its acquisition proposal undervalues the company. / BLOOMBERG FILE PHOTO/DANIEL ACKER
MATTEL HAS INFORMED Hasbro that its acquisition proposal undervalues the company. / BLOOMBERG FILE PHOTO/DANIEL ACKER
NEW YORK - Mattel Inc. slipped in late trading on a report that it rebuffed a takeover approach from rival Hasbro Inc., spurning a deal that could have created the largest U.S. toymaker. Mattel informed Hasbro that the proposal undervalues the company, according to Reuters, which cited unidentified people familiar with the situation. Mattel also had…

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