Meredith to Acquire Time, Inc. for $18.50/Share in Cash
Benzinga 8 years ago
NewsM&A
Meredith Corporation (NYSE:MDP) announced today that it has entered into a binding agreement to acquire all outstanding shares of Time Inc. (NYSE:TIME) for $18.50 per share in an all-cash transaction valued at $2.8 billion. The transaction has been unanimously approved by the Boards of Directors of Meredith and Time Inc., and is expected to close during the first quarter of calendar 2018.