Time Inc rejects bid from billionaire Bronfman Jr. - NY Post
Edgar Bronfman, Jr.
Monday, 28 November 2016 () REUTERS - Time Inc, the publisher of Time, People and Fortune magazines, has rejected a takeover bid from billionaire investor Edgar Bronfman Jr., the New York Post reported on Monday.
Time Inc. is too challenged to be choosy when it comes to suitors, said TheStreet's Jim Cramer. Time's shares gained over 17% Monday after its board didn't accept a buyout offer of $18 a share from Edgar Bronfman Jr. Bronfman is reported to have worked with Access Industries and Ynon Kreiz, a Israeli...
Time Inc (NYSE:TIME) shares rocketed by nearly 17% on Monday after reports that the publishing company that owns brands such as Sports Illustrated, People... Proactive Investors - BusinessAlso reported by •bizjournals •Billboard.com •USATODAY.com •RTTNews