Hasbro announces additional $500M share buyback

HASBRO ANNOUNCED $500 million in share repurchases, in addition to the buyback program of the same scale approved in 2015. / COURTESY HASBRO INC.
HASBRO ANNOUNCED $500 million in share repurchases, in addition to the buyback program of the same scale approved in 2015. / COURTESY HASBRO INC.
PAWTUCKET – Hasbro Inc. authorized a repurchase of an additional $500 million of its common stock, expanding its original buyback plan, the company announced Thursday. The stock, listed on the NASDAQ, jumped more than 50 cents to $89.15 following the announcement, settling to $88.43 by 1 p.m. The stock opened the day at $88.09. The…

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