Meredith buying Time Inc. with help from Kochs

Meredith buying Time Inc. with help from Kochs: Under the terms of the agreement, Meredith will make an $18.50 per share cash tender offer to acquire all outstanding Time Inc. shares for a total transaction value of approximately $2.8 billion, including the assumption of debt and net of cash acquired. The transaction has been unanimously approved by the Meredith and Time boards, and is expected to close during the first quarter of 2018.