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Inspired by The Recent $1.8 Billion Takeover Offer of Time Inc, Meredith Corp is Working Up a Bid of Its Own

Nobody wants you until someone else does and this is the case with Time Inc. Following the company's decision to walk away from a $1.8 billion takeover offer from a group of billionaires lead by Edgar Bronfman Jr, Meredith Corp, which explored a merger with Time Inc in the past, is said to be mulling a bid for the company. This news like the one before it is again moving Time Inc's stock in the right direction and will no doubt put pressure on Time Inc boss Rich Battista and the board to consider any new offer that comes up. Because like we said, when investors see an opening to cash out nicely, they will take it, and as CEO, it is Mr. Battista's job to deliver shareholder value. He and his team may be focused on the continued transformation of Time Inc from a print media company to a digital one, but a lot of his focus will end up being on how much he can get for the company. Many shareholders were reportedly upset that the Bronfman offer wasn't even seriously considered and are now speculating that the company could be broken up and sold off to multiple buyers. If another bid does come along that is way above the value of the company, shareholders are surely hoping that Mr. Battista and the board, do the right thing.

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Inspired by The Recent $1.8 Billion Takeover Offer of Time Inc, Meredith Corp is Working Up a Bid of Its Own Reviewed by Editor on Wednesday, November 30, 2016 Rating: 5
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