Time Inc. Merger Wouldn't Impact Tax-Free Stock Status
If Time Inc. were purchased or merged with another company, its tax-free stock swap would be safe. Tax expert Robert Willens confirmed to The New York Post the initial speculation that Time Inc. would have to wait two years or risk losing its tax-free, spin-off status, was incorrect.
Willens said the waiting period is about six months, which means Time Inc. is ripe for the picking. That might be music to the ears of Meredith execs; specifically its CEO Steve Lacy.
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