Hasbro, Inc. Announces Expiration of Hart-Scott-Rodino Waiting Period Regarding Pending Acquisition of MicroProse, Inc.PAWTUCKET, R.I.--(BUSINESS WIRE)--Aug. 31, 1998--Hasbro, Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :HAS) announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act The Hart-Scott-Rodino Antitrust Improvements Act of 1976 (Public Law 94-435, known commonly as the HSR Act) is a set of amendments to the antitrust laws of the United States, principally the Clayton Antitrust Act. The HSR Act was signed into law by President Gerald R. applicable to the pending acquisition of MicroProse, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :MPRS MPRS Malawi Poverty Reduction Strategy MPRS Majelis Permusyawaratan Rakyat Sementara (Provisional People's Consultative Congress; Indonesia) MPRS Multi-Point Refueling System (US DoD) ) expired at 11:59 p.m. on August 29, 1998. Hasbro, Inc., its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. New HIAC Corp., and MicroProse, Inc. executed a definitive merger agreement on August 11, 1998, pursuant to which New HIAC Corp. commenced, on August 14, 1998, a cash tender offer for all of the outstanding shares of MicroProse, Inc. at a price of $6.00 per share. The offer is conditioned upon, among other things, the tender of at least 50.1% of the shares of MicroProse common stock outstanding on a fully diluted basis. The offer and withdrawal rights are scheduled to expire at 12:00 midnight, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on Friday, September 11, 1998, unless the offer is extended. Bear, Stearns & Co. Inc. is acting as the Dealer Manager and D.F. King & Co. is acting as the Information Agent in connection with the offer. Hasbro, Inc. is a worldwide leader in the design, manufacture and marketing of toys, games, interactive software, puzzles and infant products. Both internationally and in the U.S., its Playskool (R), Kenner (R), Tonka (R), OddzOn(R), Super Soaker (R), Milton Bradley (R), Parker Brothers (R), Tiger (tm), and Hasbro Interactive products, provide children and families with the highest quality and most recognizable toys and games in the world. MicroProse, Inc. is a leading developer and publisher of entertainment software for use on CD-ROM-based personal computers (PC's). The Company has four development studios located in Alameda, California; Hunt Valley, Maryland; Chapel Hill, North Carolina Chapel Hill is a town in North Carolina and the home of the University of North Carolina at Chapel Hill (UNC-CH), the oldest state-supported university in the United States. As of the 2000 census, it had a population of 48,715. As of 2004 its estimated population was 52,440. ; and Chipping Sodbury, England. Products are available nationally and internationally and are sold through major distributors, retailers and mass merchants. Product and company information is available for download from the MicroProse Web site at www.microprose.com. This press release is neither an offer to purchase nor a solicitation of an offer to sell securities. The tender offer is made only through the Offer to Purchase and the related Letter of Transmittal Letter of Transmittal A document used by security holder to accompany certificates surrendered in an exchange or other corporate action. which were mailed to stockholders on or about August 14, 1998. Additional copies of such documents can be obtained by contacting the Information Agent at (800) 755-3107.
CONTACT: Hasbro
Wayne Charness, 401/727-5983
OR
Renita O Connell, 401/727-5401
OR
MicroProse
Angela Edwards, 510/864-4336
OR
Virginia Turner, 510/864-4431
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