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Meredith Extends Tender Offer For Time Inc. - Quick Facts

Meredith Corp. (MDP) announced it has extended the previously announced tender offer to purchase all of the outstanding shares of common stock of Time Inc. (TIME). The offer will now expire on January 25, 2018. All other terms and conditions of the offer remain unchanged.

As of the close of business on January 10, 2018, approximately 59,024,324 shares of common stock of Time have been validly tendered and not properly withdrawn pursuant to the offer, representing approximately 58.7% of the outstanding shares of common stock of Time.

by RTTNews Staff Writer

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