Meredith Corporation announced that early termination of the waiting period has been granted under the Hart-Scott-Rodino Antitrust Improvement Act of 1976 applicable to its acquisition of Time Inc. As a result, Meredith plans to complete the transaction – first announced on November 26, 2017 – within the next 30 days, subject to satisfaction of the other terms and conditions of the tender offer. Meredith also announced that it intends to offer, subject to market and other customary conditions, up to $1.4 billion in aggregate principal of new senior unsecured 8-year notes (the "Notes"). Meredith intends to use the net proceeds of the proposed offering to fund a portion of its proposed acquisition of Time Inc.; to repay existing Meredith and Time Inc. indebtedness and credit facilities; and pay other fees and expenses related to Meredith's acquisition of Time Inc. and the related refinancing. Click Read More below for additional information.
Newest Addition to the Music Icons Stamp Series
The U.S. Postal Service today dedicated a Forever Stamp honoring Sarah Vaughan, one of America’s greatest singers. The ceremony was held in her hometown at the Sarah Vaughan Concert Hall at Newark Symphony Hall.
The stamp is the seventh in the Postal Service’s Music Icons series, which includes Lydia Mendoza, Ray Charles, Johnny Cash, Jimi Hendrix, Janis Joplin and Elvis Presley. Vaughan fans are asked to share this news using the hashtags #Musicicons and #SarahVaughanForever.
“As one of the most compelling vocalists in American history, Sarah Vaughan was renowned for her artistic eloquence. Her dynamic vocal range, iconic vibrato, and innovative phrasing helped to transform jazz and popular music,” said Deputy Postmaster General Ronald Stroman, who dedicated the stamp.
“The Postal Service is proud to honor Sarah Vaughan,” Stroman said. “Let this stamp serve as a lasting tribute to her legacy.”
read more/source: http://about.usps.com/news/national-releases/2016/pr16_013.htm