Shares in Peppa Pig owner rise past Hasbro offer

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Shares in Peppa Pig owner rise past Hasbro offer
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Peppa Pig-owner Entertainment One's shares rose more than 30% to a record h...

FILE PHOTO - A Jenga game by Hasbro Gaming is seen in this illustration photo August 13, 2017. REUTERS/Thomas White/Illustration

Under the deal, Entertainment One’s shareholders will receive 560 pence per share, representing a premium of 26.4% to Thursday’s close. Entertainment One’s shares rose to as much as 579 pence on Friday. The buyout offer comes months after eOne denied reports that award-winning producer Mark Gordon would leave the company and said he will continue to develop and produce content for the company following a multi-year production deal.

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