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Time Inc rejects bid from billionaire Bronfman Jr. - NY Post

Reuters India 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.
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News video: Jim Cramer: Time Inc. Too Challenged to Be Choosy

Jim Cramer: Time Inc. Too Challenged to Be Choosy 00:49

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...

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