Hasbro (HAS) Announces $875 Million Public Offering of Common Stock
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Hasbro Announces Public Offering of Common Stock
November 4, 2019 4:42 PM ESTPAWTUCKET, R.I.--(BUSINESS WIRE)-- Hasbro, Inc. (NASDAQ: HAS) (Hasbro) announced today it has commenced an underwritten registered public offering (the Offering) of $875.0 million of shares of its common stock. In addition, Hasbro intends to grant the underwriters an option for 30 days to purchase up to $131.25 million of additional shares of its common stock.
Hasbro intends to use the net proceeds of the Offering to finance, in part, its proposed acquisition (the Proposed Acquisition) of Entertainment One Ltd., and to pay related costs and expenses. The closing of the Offering is not conditioned... More
