According to a Wall Street Journal report, toymaker Hasbro, Inc.
) could be in initial talks with private equity firm Providence
Equity Partners regarding a potential buyout.
The negotiations are still in the early stages, notes the
report, and choppy market conditions could be a significant
roadblock. If successful, however, the deal could be the largest
leveraged buyout of 2010 - Hasbro currently has a market cap of
around $6 billion.
Hasbro shares surged $4.63, or +11.3%, in premarket trading
The Bottom Line
Shares of HAS have a dividend yield of 2.43%, based on last night's
closing stock price of $41.12. The stock has technical support in
the $38-$40 price area. The shares are currently trading at
all-time highs in the pre-market with no overhead resistance.
Hasbro, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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