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NEWS

HASBRO COMPLETES DEAL
(16.Sep) UGO reports:
Hasbro, Inc. announced that it has successfully completed its cash tender offer to purchase all the outstanding shares of common stock of MicroProse, Inc. at a price of $6.00 per share. Hasbro reported that a total of 5,265,263 shares of MicroProse common stock was tendered pursuant to the tender offer (including 32,290 shares subject to guarantees of delivery), which expired at 5:00 P.M., New York City time, on September 14, 1998, and that all such shares have been accepted for payment. After giving effect to the purchase of the shares tendered, Hasbro beneficially owned approximately 91% of the outstanding MicroProse shares.

Hasbro also announced that Hasbro and MicroProse yesterday effected a merger pursuant to which MicroProse became a wholly owned subsidiary of Hasbro and all remaining MicroProse stockholders (other than Hasbro) have the right to receive the same $6.00 per share in cash payable pursuant to the tender offer.

Also, OGR reports:
"This acquisition is an incredible opportunity to combine the complimentary talents of MicroProse and Hasbro Interactive, our leading entertainment software publisher," said Alan G. Hassenfeld, Chairman and CEO of Hasbro, Inc. "MicroProse will significantly enhance Hasbro Interactive in three key strategic growth areas: brands and content, R&D assets, and European distribution,"

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