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Time Inc Pushes Back Board Nomination Date to April 21st

Time Inc was supposed to begin the process of nominating new board members today. But the company decided to move the date back to April 21st. In addition the company also set its annual meeting for June 29. But if all goes well for a possible suitor (Meredith?), nominating board members would be irrelevant being that the company would be under new ownership and would cease being a public company. So could this possibility by why the company decided to kick the board nomination date into next month, in a game of wait and see? The company, according to many close to the process is in the middle of reviewing bids, but recent reports speculated that Meredith Corp is the only real bidder.

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Time Inc Pushes Back Board Nomination Date to April 21st Reviewed by Editor on Thursday, March 23, 2017 Rating: 5
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