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      "text": "Hasbro Has Generated Strong Returns; Recent Returns Impacted by COVID-19: Hasbro generated favorable TSR vs. relevant peers prior to COVID-19; eOne transaction and other headwinds impacted recent performance; Chris Cocks is positioned to accelerate growth.",
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      "text": "eOne Was Highly Strategic Despite Unfortunate Timing: Acquisition closed just prior to COVID-19; Peppa Pig and PJ Masks accounted for ~50% of EBITDA; performance is back on track with $130M in synergies expected.",
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      "text": "Hasbro's Board is Financially Disciplined: Committed to strict discipline; divested non-core music business; D&D Beyond acquisition shows disciplined approach; passed on non-accretive investments.",
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      "text": "Hasbro's Board Has the Right Skills and Experience to Support Chris Cocks: Balance of fresh perspectives and institutional knowledge; expertise relevant to portfolio; one of the most diverse boards in the S&P 500.",
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