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BRIEF-Time Inc to be acquired by Meredith Corp for $18.50 per share
November 27, 2017 / 12:03 AM / 21 days ago

BRIEF-Time Inc to be acquired by Meredith Corp for $18.50 per share

Nov 26 (Reuters) - Time Inc:

* TIME INC TO BE ACQUIRED BY MEREDITH CORPORATION

* TIME INC TO BE ACQUIRED BY MEREDITH CORPORATION

* DEAL WITH MEREDITH SUBJECT TO CUSTOMARY CLOSING CONDITIONS AND REGULATORY APPROVALS

* ‍UPON CLOSING OF DEAL, IT IS EXPECTED THAT CEO RICH BATTISTA WILL LEAVE COMPANY​

* TIME - ‍MEREDITH WILL MAKE AN $18.50 PER SHARE CASH TENDER OFFER TO BUY ALL OUTSTANDING TIME INC, INCLUDING ASSUMPTION OF DEBT AND NET OF CASH ACQUIRED​ Source text for Eikon: Further company coverage:

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