Stock in the Pawtucket-based toymaker (HAS:Nasdaq) spiked 6.8 percent to $38.66 at the opening bell amid speculation that Disney (DIS:NYSE) was preparing a multi-billion dollar bid for Hasbro. 

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.