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Friday, November 14, 2014

DreamWorks, Hasbro talks slowed by discussion over structure - source, (NASDAQ: DWA), (NASDAQ: HAS)

Negotiations between Hasbro Inc and DreamWorks Animation SKG Inc have been hampered by issues regarding the structure of the combined company, according to a person familiar with the matter. During the talks, presentations were made by both companies, although discussions regarding the price or the framework of the new company were not reached.News of negotiations cooling between the companies was first reported by The Wall Street Journal, which said that the talks were unlikely to resume. (on.wsj.com/1uvikBe)Reports earlier in the week suggested that DreamWorks Chief Executive Jeffrey Katzenberg is seeking a deal worth more than $30 per share.The offer values DreamWorks at $2.56 billion, according to calculations by Reuters. The company's shares closed at $26.02 on Friday.

DreamWorks Animation SKG, Inc. (DreamWorks Animation) is engaged in the development, production and exploitation of animated films and their associated characters in the worldwide theatrical, home entertainment, television, merchandising and licensing and other markets. Shares of DWA traded higher by 1.96% or $0.5/share to $26.02. In the past year, the shares have traded as low as $19.20 and as high as $36.01. On average, 1770100 shares of DWA exchange hands on a given day and today's volume is recorded at 2292011.

Hasbro, Inc., engaged in providing children?s and family leisure time products with a range of portfolio of brands and entertainment properties. Shares of HAS fell by 1.75% or $-0.96/share to $54.02. In the past year, the shares have traded as low as $47.48 and as high as $58.41. On average, 1113000 shares of HAS exchange hands on a given day and today's volume is recorded at 1886069.



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