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Stocked closed modestly lower Thursday amid hawkish Fedspeak. Despite the pressure, several rumors circulated on Wall Street. Below we highlighted a couple:
Hasbro (NASDAQ:HAS) gained over 4% Thursday on news it will put most of its eOne TV and Film Business up for sale. The company appointed JPMorgan and Centerview Partners to steer the process after receiving takeover interest. Hasbro will seek to sell most of the company but intends to retain eOne assets that it considers crucial to its ambitions in entertainment, including Peppa Pig.
Beyond Meat (NASDAQ:BYND) fell nearly 4% despite some vague resurfaced rumors the company could be attracting takeover interest amid its year-to-date slide. This rumor was also out there last month, sparked by a Reuters Breakingviews author who said the company, at current levels, makes it an attractive takeover target.
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