logo
Plus   Neg
Share
Email

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January 10, 2018, approximately 59,024,324 shares of common stock of Time have been validly tendered and not properly withdrawn pursuant to the offer, representing approximately 58.7% of the outstanding shares of common stock of Time.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
With a view to expanding its presence in France, where it has been doing business for more than 100 years, Food and beverage giant Coca-Cola Co. (KO), during the Choose France Summit, announced 1 billion euros of investments in the country over the next five years. Coca-Cola Chairman and CEO James Quincey and President Emmanuel Macron is scheduled to elaborate on the plans in September. NBCUniversal unveiled Peacock, a free premium ad-supported streaming service with subscription tiers offering more than 600 movies and 400 series. Peacock will be available on April 15 for Comcast's Xfinity X1 and Flex customers and on July 15 for the rest of the country. NBC is offering Peacock... The number of Amazon Prime members in the U.S. is growing slowly, but steadily, a recent study has shown. According to the survey by the Consumer Intelligence Research Partners, LLC or CIRP, the number of Amazon Prime members in the U.S. is estimated to have risen to 112 million in December 2019 from just over 100 million in the same period of the prior year.
RELATED NEWS
Follow RTT
>