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Hasbro (HAS) has reached a multi-billion deal to acquire Entertainment One (ENTMF) (eOne)in order to further grow its portfolio. The deal could make perfect sense if executed well as Hasbro will incur quite some leverage and high expectations to deal with. These concerns outweigh my appreciation of the great long-term track record of the business, at least for now.
The Deal
Hasbro has reached a deal to buy Entertainment One in a $4.0 billion deal which works down to GBP 3.3 billion, or GBP 5.60 for each of the shares of Entertainment