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MEREDITH CORP SAYS HAS ENTERED INTO AGREEMENT TO BUY ALL OUTSTANDING SHARES OF TIME INC FOR $18.50 PER SHARE IN ALL-CASH TRANSACTION VALUED AT $2.8 BLN

MEREDITH CORP SAYS HAS ENTERED INTO AGREEMENT TO BUY ALL OUTSTANDING SHARES OF TIME INC FOR $18.50 PER SHARE IN ALL-CASH TRANSACTION VALUED AT $2.8 BLN