Plus   Neg

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January 10, 2018, approximately 59,024,324 shares of common stock of Time have been validly tendered and not properly withdrawn pursuant to the offer, representing approximately 58.7% of the outstanding shares of common stock of Time.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Billionaire Warren Buffett's Berkshire Hathaway reported a profit for the second-quarter that increased 87 percent from last year, as the value of its investment portfolio increased with the stock market. But it took about $10 billion write down on the value of its Precision Castparts aircraft parts unit due to the impact of the COVID-19 pandemic. Operating profit declined 10 percent. Twitter has had preliminary talks with TikTok's Chinese owner ByteDance to buy the U.S. operations of the video-sharing app, the Wall Street Journal reported citing people familiar with the matter. Meanwhile, Microsoft has been the only company so far to say publicly it is pursuing TikTok. Pfizer said Friday it reached a multi-year deal with Gilead Sciences to manufacture and supply Gilead's investigational antiviral remdesivir for COVID-19 patients.
Follow RTT