Meredith gets antitrust OK for Time buyout

Meredith (NYSE:MDP) has gotten antitrust clearance for its acquisition of Time (NYSE:TIME).

The company won early termination of its Hart-Scott-Rodino waiting period, and now plans to close the deal within the next 30 days.

Meredith also says it will offer up to $1.4B in new senior unsecured eight-year notes in order to fund part of the acquisition and repay existing Time/Meredith indebtedness.

Nguồn: seekingalpha.com