Bronfman, Kreiz Floated All-Cash Offer in Range of $18-$20/Share for Time (TIME) - Bloomberg, Citing Letter

November 28, 2016 12:58 PM EST

Find out which companies are about to raise their dividend well before the news hits the Street with's Dividend Insider Elite. Sign-up for a FREE trial here.


Edgar Bronfman Jr. and Ynon Kreiz, backed by Access Industries, approached Time (NYSE: TIME) with an all-cash offer in the range of $18 to $20 per share, according to Bloomberg, citing an Oct. 20 letter to Time's board.

The report confirms an earlier New York Post story on the rejected takeover offer.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Mergers and Acquisitions, Rumors, Trader Talk

Add Your Comment