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Hasbro In Early Talks of Leveraged Buyout
By bwbm on Wednesday, June 23, 2010
Hasbro, Inc. is in early talks with private-equity firm Providence Equity Partners on the possibility of a leveraged buyout and taking the company public, reports The Wall Street Journal.
According to people familiar with the matter, it is still in the early stages and the deal is not definite yet.
Hasbro declined to comment and Providence Equity did not respond to requests for comment. A
pricetag was not disclosed. Hasbro has a market cap of approximately $6 billion, significantly above the typical buyouts between $1 to $4 billion this year.
A leveraged buyout is when a third party purchases a controlling stake in a company, paid mainly through borrowed money.
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