SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): January 24, 1996
-------------------------
HASBRO, INC.
--------------------
(Name of Registrant)
RHODE ISLAND 1-6682 05-0155090
- -------------- ------------ -------------------
(State of (Commission (IRS Employer
Incorporation) File Number) Identification No.)
1027 NEWPORT AVE., PAWTUCKET, RHODE ISLAND 02861
- ------------------------------------------ -------------------
(Address of Principal Executive Offices) (Zip Code)
(401) 431-8697
-------------------------------
(Registrant's Telephone Number)
Item 5. Other Events
The January 24, 1996 Press Release of the Registrant attached
hereto as EXHIBIT 99 is incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
HASBRO, INC.
------------
(Registrant)
Date: January 30, 1996 By:\s\John T. O'Neill
-----------------------
John T. O'Neill
Executive Vice President and
Chief Financial Officer
(Duly Authorized Officer and
Principal Financial Officer)
HASBRO, INC.
Current Report on Form 8-K
Dated January 24, 1996
Exhibit Index
Exhibit
No. Exhibits
- ------- --------
99 Press Release dated January 24, 1996
EXHIBIT 99
CONTACTS:
INVESTORS: MEDIA:
John T. O'Neill Wayne S. Charness
Executive VP and CFO VP, Corporate Communications
(401) 431-8500 (401) 727-5983
Joele Frank/Chuck Burgess
Abernathy MacGregor Scanlon
(212) 371-5999
FOR IMMEDIATE RELEASE
- ---------------------
HASBRO, INC. REJECTS UNSOLICITED PROPOSAL
Pawtucket, RI, January 24, 1996 -- Hasbro, Inc. (ASE:HAS) today confirmed
that its Board of Directors, at a meeting held yesterday in New York, had,
by unanimous vote of directors present, rejected a business combination
proposal from Mattel, Inc. (NYSE:MAT) which provided for an exchange of
Mattel, Inc. shares for Hasbro, Inc. shares. The Board concluded that a
combination with Mattel would raise extremely serious antitrust issues,
worldwide and that, as a result of these antitrust issues, the probability
of successful consummation of the proposed transaction was very low. The
Board also determined that because of the very low probability of
consummation, the economic terms of the proposal were more than offset by
the potential harm to Hasbro, Inc. and its shareholders resulting from a
protracted antitrust regulatory process.
Alan G. Hassenfeld, chairman and chief executive officer of Hasbro, said,
"It is incredibly presumptuous of Mattel and its Board to believe that they
could force a combination of their company and ours through the Federal
Trade Commission, the States Attorneys General and the European Union
Merger Task Force. After lengthy review of Mattel's proposal with our two
firms of antitrust advisors, our Board unanimously concluded that the
chance of any antitrust approval is extremely low."
Hasbro, Inc. is a worldwide leader in the design, manufacture and marketing
of toys, games, puzzles and infant care products. Both internationally and
domestically, its Playskool(R), Kenner(R), Tonka(R), Milton Bradley(R) and
Parker Brothers(R) products provide children and families with the highest
quality and most recognizable toys and games in the world.
###
