Hasbro Recalls Toy Tool Bench After Two Deaths

Hasbro Inc.'s (HAS) Playskool unit on Friday recalled about 255,000 Team Talkin' Tool Bench toys for children aged 3 years and up, after the deaths of two underaged children.

The Pawtucket, R.I.-based company is conducting the recall in cooperation with the U.S. Consumer Product Safety Commission, after it learned that a 19-month-old and a 2-year-old, playing with the oversized plastic toy nail, suffocated when the nail head became lodged in their throats.

"We are devastated and heartbroken by the news of these tragic accidents and our deepest condolences go out to the families of these young children," Al Verrecchia, chief executive of Hasbro, said in a release. "Even though the plastic toy nails are more than three inches long and an inch and a quarter wide— far larger than what is considered a choking hazard under specific federal safety standards— we are urging all caregivers to immediately return the toy nails to Playskool to prevent additional accidents.

To get the product back, Playskool is offering a $50 certificate to consumers who return the toy nails. Consumers can contact the company at 1-800-509-9554 or on the web at http://www.playskool.com.

The toy was sold for about $35 at Toys R Us, Wal-Mart Stores Inc. (WMT), Target Corp.(TGT), KB Toys stores and various other stores nationwide from October 2005 through this month.

Shares of Hasbro closed Thursday at $22.03, Wal-Mart ended at $48.46, and Target finished at $54.39, all trading on the New York Stock Exchange.