Hasbro uses call option on Lucas warrants

PAWTUCKET – Hasbro Inc. has exercised its call option to repurchase all of the outstanding warrants for Hasbro’s common stock currently held by Lucasfilm Ltd. and Lucas Licensing Ltd.
Lucas holds exercisable warrants to purchase an aggregate of 15.75 million shares of Hasbro’s common stock. The call notice to Lucas stated that Hasbro is exercising its call option to repurchase all of the warrants for $200 million in cash. Upon closing of the call option Lucas will not hold any warrants to purchase shares of Hasbro’s common stock. Hasbro anticipates closing the call option May 24.
In connection with the repurchase, Hasbro will recognize a final mark to market charge related to these warrants totaling about $36.5 million during the second quarter of 2007.