Richard Munro, Time Inc. ‘s Chairman and CEO, communication must respond with a hostile takeover bid from Paramount. Paramount conditioned his offer on suspension of time the plans merge with Warner Communications. Several months before the hostile bid Paramount, Time Warner announced his plans after careful consideration of a comprehensive list of potential partners, including merge Paramount. The Board approved Munro decision to merge with Warner because the two companies held a wide r … Read more »

Richard Munro, Time Inc. ‘s Chairman and CEO, communication must respond with a hostile takeover bid from Paramount. Paramount conditioned his offer on suspension of time the plans merge with Warner Communications. Several months before the hostile bid Paramount, Time Warner announced his plans after careful consideration of a comprehensive list of potential partners, including merge Paramount. The Board approved Munro decision to merge with Warner because the two companies held a variety of complementary assets. If it continues with its plans to merge the time, with Warner, time would give shareholders at least $ 175 per share in cash, and possibly more. On the other hand, a merger with Paramount was not part of the time, the long-term strategy. Munro has a specific course of action to the Board recommended in its emergency meeting. Th ECASE is written from the perspective of time, the manager. Time managers should resist Paramount bid?
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Lisa Meulbroek
Source: Harvard Business School
21 pages.
Publication Date: Apr 14, 1993. Prod #: 293117-PDF-ENG
Time Inc. ‘s Entry into the Entertainment Industry (A) HBR case solution

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