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     267  0 Kommentare Hasbro Announces Closing of Public Offering of Common Stock and Exercise in Full of Over-Allotment Option

    Hasbro, Inc. (NASDAQ: 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. The closing of the Offering was 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.

    BofA Securities, Inc., J.P. Morgan Securities LLC and Citigroup acted as joint book-running managers for the Offering.

    The Offering was made pursuant to an effective shelf registration statement, as amended, including a base prospectus, that was filed with the Securities and Exchange Commission (the “SEC”) on November 4, 2019 and is available on the SEC website. A final prospectus supplement describing the terms of the Offering and the accompanying base prospectus was filed with the SEC on November 6, 2019 and is 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 dg.prospectus_requests@baml.com, 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 contacting Citigroup at: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, NY 11717, or by telephone at (800) 831-9146.

    This 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.

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    Hasbro Announces Closing of Public Offering of Common Stock and Exercise in Full of Over-Allotment Option Hasbro, Inc. (NASDAQ: 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 …