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Peppa Pig owner stocks gain 30% on $4 billion Hasbro's offer

On Friday stocks of eOne gained almost 30 percent, a day after U.S. toy producer Hasbro Inc offered to purchase the proprietor of well-known kids' TV show "Peppa Pig" for nearly $4 billion in real money.

hasbroPhoto: Flickr

The transoceanic arrangement gives Hasbro, which has seen development with Marvel's "Avengers" toys, access to Entertainment One's worthwhile toddler and preschool market.

RBC, which uplifted its rate focus for Entertainment One, stated it was "not discounting a contending offer, however, Entertainment One has likely gotten its work done".

Under the arrangement, eOne's investors will get 5.6 pounds per share, speaking to a premium of 26.4 percent to Thursday's nearby.

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  • avatar-1223
    • #

    Amazing news! My daughter love Peppa Pig and Hasbro toys, I guess it will be great collaboration.

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