EXHIBIT 99
For Immediate Release | Contact: | |
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July 27, 2006 | Karen A. Warren (Investor Relations) | 401-727-5401 |
| Wayne S. Charness (News Media) | 401-727-5983 |
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HASBRO, INC. ANNOUNCES ADDITIONAL $350 MILLION
SHARE REPURCHASE AUTHORIZATION
Pawtucket, R.I. (July 27, 2006) -- Hasbro, Inc. (NYSE:HAS) announced that its Board of Directors has authorized the Company to repurchase an additional $350 million in common stock. Repurchases of the Company’s common stock may be made from time to time, subject to market conditions. These shares may be purchased in the open market or through privately negotiated transactions. Hasbro has no obligation to repurchase shares under the authorization, and the timing, actual number and value of shares which are repurchased will depend on a number of factors, including the price of the Company’s common stock. The Company may suspend or discontinue the repurchase program at any time.
“This program reflects the continuing commitment of the Board of Directors and Hasbro management to pursue opportunities that create value for our shareholders,” said Alfred J. Verrecchia, President and Chief Executive Officer.
The Company recently completed a $350 million share repurchase program that was announced in May, 2005. Under this program, Hasbro repurchased 17,795,900 shares of common stock.
Hasbro is a worldwide leader in children's and family leisure time entertainment products and services, including the design, manufacture and marketing of games and toys ranging from traditional to high-tech. Both internationally and in the U.S., its PLAYSKOOL, TONKA, MILTON BRADLEY, PARKER BROTHERS, TIGER, and WIZARDS OF THE COAST brands and products provide the highest quality and most recognizable play experiences in the world.
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