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Stock Market & Financial Investment News

News Breaks
February 28, 2014
06:14 EDTMATMattel acquires MEGA Brands in transaction valued at about $460M
Mattel and MEGA Brands announced a definitive agreement for Mattel’s acquisition, through a wholly-owned subsidiary of Mattel, of MEGA Brands for $460M. The agreement provides for the acquisition of MEGA Brands for C$17.75 per common share and includes the acquisition of all of the outstanding common shares and warrants of MEGA Brands. This represents a premium of 32% to the 30-day volume-weighted average price of MEGA Brands common shares on the TSX as of February 26, 2014. Mattel plans to fund the acquisition through a combination of new debt and cash on hand. The purchase price above represents net consideration of C$7.81 per 20 warrants. Warrant holders may acquire one common share of MEGA Brands in exchange for every 20 warrants at an exercise price of C$9.94 per common share. The warrants expire on March 30, 2015. The board of MEGA Brands has unanimously approved the transaction and recommends that MEGA Brands common shareholders approve it.
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August 24, 2014
18:25 EDTMATHasbro shares could return 20% in a year, Barron's says
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