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Hasbro Completes GBP3.3 Billion Acquisition Of Entertainment One

Mon, 30th Dec 2019 16:48

(Alliance News) - Hasbro Inc said Monday it has completed GBP3.3 billion acquisition of Peppa Pig producer Entertainment One Ltd.

Back in August the US toy maker had said it had agreed to acquire Entertainment One in an all-cash transaction valued at GBP3.3 billion. The transaction was expected to close at the fourth quarter of 2019.

Hasbro had said the acquisition would advance its position as a global play and entertainment company, adding "beloved" preschool brands to its portfolio.

Entertainment one also issued a statement on Monday confirming that its acquisition by Hasbro has become effective.

Hasbro shares were down 0.3% in New York at USD105.44 on Monday. Entertainment One shares has been suspended in London.

By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com

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Latest Share Chat

Entertainment One Share News (ETO)

Hasbro Completes GBP3.3 Billion Acquisition Of Entertainment One

Berenberg ups Entertainment One price target, considers potential counterbid

BROKER RATINGS SUMMARY: HSBC Raises Berkeley And McCarthy & Stone

LONDON MARKET CLOSE: Choppy End On US-China Tariff Fear, Powell Speech

Friday broker round-up

LONDON MARKET MIDDAY: Stocks Higher As Investors Await Powell Speech

WINNERS & LOSERS SUMMARY: Adept4 Surges On Potential Acquisition

WINNERS & LOSERS SUMMARY: Vodafone Up On Results, Tower Spin-Off Plan

LONDON MARKET CLOSE: Lukewarm Start To Week As Eyes Lie On G20 Meeting

Monday broker round-up

WINNERS & LOSERS SUMMARY: MySale Halves As It Puts Up For Sale Sign

Berenberg initiates coverage on Entertainment One at 'buy'

LONDON MARKET OPEN: Marginally Higher As Investors Await G20 Summit

WINNERS & LOSERS SUMMARY: Pendragon In Reverse Gear After Warning

LONDON MARKET CLOSE: Stocks Mixed As Investors Shrug Off Trade Fears

LONDON MARKET MIDDAY: Stocks Rise On Expectation Of Dovish Draghi

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