WSJ: Hasbro in Talks Regarding Leveraged Buyout (HAS)

By Dividend.com,  June 24, 2010, 08:26:59 AM EDT

According to a Wall Street Journal report, toymaker Hasbro, Inc. ( HAS ) 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 Thursday.

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. ( HAS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: HAS



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