95.42 0.00 (0.00%)
After hours: 5:27PM EST
|Bid||95.48 x 1400|
|Ask||95.50 x 1100|
|Day's Range||94.46 - 96.81|
|52 Week Range||76.84 - 126.87|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||46.32|
|Earnings Date||Feb 6, 2020 - Feb 10, 2020|
|Forward Dividend & Yield||2.72 (2.87%)|
|1y Target Est||114.71|
Zacks Earnings Trends Highlights: Fastenal, United Rentals, Caterpillar, Texas Instruments and Hasbro
The UK's Competition and Markets Authority (CMA) had earlier said it will consider whether the deal could hurt competition and invited comments on the acquisition. In an email to Reuters, Hasbro said that it had been in talks with the CMA about the review, which could last up to 40 business days. Entertainment One declined to comment.
Britain's competition watchdog has launched a review of Hasbro Inc's proposed $4 billion deal to buy Peppa Pig owner Entertainment One, it said on Thursday. The UK's Competition and Markets Authority (CMA) had earlier said it will consider whether the deal could hurt competition and invited comments on the acquisition. In an email to Reuters, Hasbro said that it had been in talks with the CMA about the review, which could last up to 40 business days.
Investors eyeing Hasbro’s beaten-up stock may want to wait before buying, said Jaime Katz, senior equity analyst at Morningstar. “There could be more downside if the tariffs wind up being implemented and maintained over the full 2020 year,” she said.
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Subject to customary closing conditions, the Offering is expected to settle and close on or about November 19, 2019. The net proceeds from the Offering will be approximately $2.355 billion, after giving effect to the underwriting discounts but not estimated offering expenses payable by Hasbro.
Moody's Investors Service ("Moody's") assigned a Baa3 rating to $2.375 billion of senior unsecured notes issued by Hasbro, Inc. ("Hasbro") in multiple tranches. Other ratings, including the company's Baa3 senior unsecured rating and Prime-3 short term rating, remain unchanged. The net proceeds will be used primarily for the acquisition of Entertainment One Ltd.
Hasbro, Inc. (HAS) (“Hasbro”) announced today the closing of its previously announced underwritten registered public offering (the “Offering”) of 10,592,106 shares of its common stock, which includes 1,381,579 shares sold pursuant to the exercise in full by the underwriters of their over-allotment option, at a public offering price of $95.00 per share. The net proceeds from the Offering were approximately $976.06 million after giving effect to the underwriting discounts but before giving effect to any offering expenses payable by Hasbro. 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.
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Moody's Investors Service ("Moody's") today downgraded Hasbro, Inc.'s ("Hasbro") senior unsecured rating to Baa3 from Baa1 and its rating for short term issuance to Prime-3 from Prime-2, concluding the review for downgrade initiated on August 23, 2019. The rating action follows the company's issuance of $875 million in equity to fund the previously announced $4 billion Entertainment One acquisition, which is expected to close late 2019 or early 2020.