Business
Hasbro Announces Public Offering of Common Stock
PAWTUCKET, R.I.--(BUSINESS WIRE)-- Hasbro, Inc. (NASDAQ: HAS) (“Hasbro”) announced today it has commenced an underwritten registered public offering (the
About this update from Hasbro, Inc.
[{"type":"text","content":" PAWTUCKET, R.I.--(BUSINESS WIRE)--\nHasbro, 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.\n\n\nHasbro 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 upon the consummation of the Proposed Acquisition. If the Proposed Acquisition is not consummated, Hasbro intends to use the net proceeds of the Offering to repurchase its common stock or for general corporate purposes, which may include debt repayment, capital expenditures and investments.\n\n\nBofA Securities, Inc., J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are acting as joint book-running managers for the Offering.\n\n\nThe Offering is being made pursuant to an effective shelf registration statement, as amended, including a base prospectus, that has been filed with the Securities and Exchange Commission (the “SEC”) on November 4, 2019 and is available on the SEC website. A preliminary prospectus supplement related to the Offering and the accompanying base prospectus have been filed with the SEC on November 4, 2019 and are available on the SEC website. Copies of these documents may also be obtained by calling BofA Securities, Inc. toll-free at 1-800-294-1322 or emailing [email protected], contacting J.P. Morgan Securities LLC, c/o: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling J.P. Morgan Securities LLC toll free at (866) 803-9204 and by calling Citigroup Global Markets Inc. toll-free at 1-800-831-9146.\n\n\nThis press release does not constitute an offer to sell or the solicitation of an offer to buy Hasbro’s common stock nor shall there be any sale of such common stock in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. \n\n\nAbout Hasbro\n\n\nHasbro (NASDAQ: HAS) is a global play and entertainment comp...