Credit Services & Lending M&A » By The Online Investor Staff, updated Fri., Apr. 19, 10:47 PM
Recent mergers and acquisitions in the Credit Services & Lending M&A category.
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Slide #48. Time Inc. — American Express Publishing
Acquirer:
Time Inc.
Acquiree:
American Express Publishing (NYSE:AXP)
Details:
Time Inc. and American Express Company (NYSE:AXP) today announced an agreement for Time Inc. to acquire American Express Publishing Corporation. The sale is expected to be completed in the fourth quarter of 2013, subject to satisfaction of customary closing conditions. American Express Publishing, with brands including Travel + Leisure and Food & Wine, will become a wholly-owned subsidiary of Time Inc.
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Avg. Broker Rec.
 
|
Buy (2.73 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: AXP Stock Forecast Based on Zacks ABR data; powered by Xignite |
