Cases
Time Inc. (TIME)
Securities Class Action
Overview
Overview
- Date:
- 11/27/2017
- Company Name:
- Time, Inc.
- Stock Symbol:
- TIME
- Status:
- Closed/Complete
NEW YORK, November 27, 2017 – Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Time Inc. (NYSE: TIME) stockholders concerning the proposed acquisition of the company by Meredith Corporation (NYSE: MDP).
Our investigation concerns whether Time’s board of directors failed to adequately shop the company and obtain the best possible value for its stockholders before entering into a definitive merger agreement with Meredith Corporation. Under the terms of the agreement, each outstanding share of Time common stock will be exchanged for $18.50 per share in an all-cash transaction valued at $2.8 billion.
If you own Time shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to y
Our investigation concerns whether Time’s board of directors failed to adequately shop the company and obtain the best possible value for its stockholders before entering into a definitive merger agreement with Meredith Corporation. Under the terms of the agreement, each outstanding share of Time common stock will be exchanged for $18.50 per share in an all-cash transaction valued at $2.8 billion.
If you own Time shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to y