PAWTUCKET – Hasbro Inc. closed its most recent public offering, selling 10.6 million shares and raising $976.1 million, the company announced Friday.
The funds raised are intended to be used to finance the company’s pending $4 billion acquisition of Entertainment One Ltd, as well as pay related costs and expenses.
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If the company does not end up consummating its deal to acquire eOne, the company said it will use the funds for stock buybacks or general corporate purposes.
The company made $875 million worth of stock available to the public in the offering and allowed the underwriters a chance to acquire up to $131.25 million in additional shares.
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