On Tuesday, Shares of Hasbro, Inc. (NASDAQ:HAS), inclined 0.60% to $78.69, during its last trading session.
Hasbro, declared the signing of a letter of intent to sell Hasbro’s manufacturing locations in East Longmeadow, Massachusetts and Waterford, Ireland to the Cartamundi Group. Cartamundi is a worldwide leader in the production and sales of playing cards and cards for games. Under the terms of the agreement, Cartamundi will continue to employ all regular manufacturing and distribution employees located in East Longmeadow and Waterford on comparable terms.
The divestiture is in line with Hasbro’s mission of Creating the World’s Best Play Experiences and building larger more global brands. Hasbro will continue to invest resources in areas that will maximize the value of the company’s brands globally, counting in design, development, storytelling, sales and marketing. The sale of these facilities will have no impact to Hasbro’s commitment to the Games category and the company will continue to invest in gaming.
Hasbro, Inc., together with its auxiliaries, provides children’s and family leisure time products and services worldwide. The company’s product offerings comprise various toys comprising boys action figures, vehicles and playsets, girls toys, electronic toys and games, plush products, preschool toys and infant products, electronic interactive products, creative play, and toy-related specialty products.
Finally, EarthLink Holdings Corp. (NASDAQ:ELNK), ended its last trade with 3.01% gained, and closed at $7.87.
EarthLink Holdings Corp., declared that Del Taco, a thriving Mexican quick-service restaurant chain with 306 corporate and 241 franchise locations in 16 states, selected EarthLink’s new Franchise Program to protect its brand and deliver a consistent customer experience across its entire franchisee footprint. Ideal for franchisees with limited IT resources, the easy-to-implement, turnkey solution delivers stable network connectivity via IPsec VPN technology to power vital applications, Secure WiFi™ for customers at selected locations, PCI-compliant firewalls to protect data, financial breach protection, and online tools to assist the franchisee attain PCI compliance.
EarthLink Holdings Corp., together with its auxiliaries, provides managed network, security, and cloud services to business and residential customers in the United States. The company operates in two segments, Business Services and Consumer Services.
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