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Mergers & Acquisitions

Time Inc Buyout Imminent With Suitors Submitting Bids Over $20

A new bidder had reportedly been in the bidding process even as another dropped out.

Separately, Dow Jones reported that the bidding price had gone up to over $20 per share, an indication that the bidding process is still competitive.

I may initiate a minor position in Time Inc for a short term trade as I believe the chances of the buyout going through is high judging from the number of bidders.

 

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Updated: March 10, 2017 — 6:44 am

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