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Time Inc. has reportedly hired bankers to help field takeover offers - and the stock is up 4%

Portia CroweDec 9, 2016, 01:46 IST

Time Inc has hired Morgan Stanley and Bank of America to help it deal with takeover offers, CNBC reports, citing Dow Jones.

The stock jumping on the news.

Time Inc was reportedly approached by the billionaire investor Edgar Bronfman Jr. in November but rejected the takeover offer.

More to come...

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