30th Dec 2019 07:42
(Alliance News) - Entertainment One Ltd shares are to be suspended, the firm said on Monday, as it edges closer to being acquired by US board game maker Hasbro Inc.
The trading suspension will be effective from Monday with cancellation of its shares to follow on Friday.
Rhode Island-based Hasbro's takeover of Peppa Pig producer Entertainment One, which is a member of London's FTSE 250 index, was announced in August, valuing Entertainment One at GBP3.3 billion with a price per share of GBP5.60.
Shares in Entertainment One closed 0.1% lower at 557.00 pence each in London on Friday.
By Eric Cunha; [email protected]
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