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What does this mean and is it a good idea? Any input would be appreciated.

Hasbro is offering to buy back up to 17.5 million shares at a price between $15.25 and $17.50 per share based upon the offers it receives before March 27.
The actual price paid will depend on the offers Hasbro receives.

Is this a good thing? Maybe. If you paid less than the above price or are wanting to get out of Hasbro, this may be a good oportunity to sell.

If you are planning to hold Hasbro, the share repurchase will reduce the number of shares outstanding leaving fewer shares to spread earnings around on. The result is that the reported earnings per share will be higher in the future than it would be if the shares were not repurchased.

This may or may not be a wise move for the company. I am leaning towards not being a wise move because they are going to have to borrow some money to fund the repurchase. If they could do it out of available cash I would be happy with the repurchase. It still may work out for the best in the long term, but short term? Who knows?

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