By Benjamin Horney ( March 24, 2017, 5:07 PM EDT) -- A sale of magazine publisher Time Inc. is inching ever closer, with Bloomberg reporting on Friday that the company is nearing a deal that could value it at more than $20 per share. According to the report, it's appearing more likely that a sale of Time in its entirety is how this will all end, although it's possible no agreement is inked before the middle of next month. Meredith Corp. and a group that includes Pamplona Capital Management and the top executive of Najafi Cos. are among those still vying to acquire Time. An offer of more than $20 per share would value Time at about $2 billion, the report said, and Meredith is currently viewed as the frontrunner. Reports that a sale of Time was imminent have persisted since earlier this month. ...
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.