Rubik's Cube-owner Spin Master to buy Melissa & Doug for $950 million

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Rubik's Cube-owner Spin Master to buy Melissa & Doug for $950 million
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The move comes days after Spin Master signed a deal with the retailing and licensing division of Paramount Global for a new animated series in the well-known...

- Canadian toys and games-maker Spin Master said on Wednesday that it has agreed to buy U.S.-based toy-maker Melissa & Doug for $950 million in cash.

Spin Master said it expects the Melissa deal, which includes $500 million in debt financing, to be immediately accretive to its earnings per share. Spin Master, which also owns the popular children's cartoon adventure series PAW Patrol, has a market capitalization of C$3.50 billion as of stock's last close.'You're the joke': Kevin O'Leary's son gave him a stock tip that delivered 1,000% returns and changed his view on growth stocks forever — here's whyThis is a rare opportunity to earn $1,000 in annual passive income for decades with less than $12,300 investment in this super dividend stock.

-- Bank of Nova Scotia is partnering with Sun Life Financial Inc.’s asset-management division to give the lender’s affluent clients in Canada the chance to tap into private credit and other alternative assets growing in popularity.

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