Financial

Hasbro Offers $875 Million in Common Stock

Hasbro have announced a public offering of $875.0 million of shares of 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.

The company intends to use the net proceeds to finance, in part, its proposed acquisition of Entertainment One Ltd., and to pay related costs and expenses.

If the acquisition doesn’t happen, Hasbro intends to use the proceeds to repurchase its common stock or for general corporate purposes, which may include debt repayment, capital expenditures and investments.

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