Following Tuesday’s closing bell on Wall Street, Des Moines-based Meredith Corporation shared that its Board of Directors has approved the distribution of one share of Meredith Holdings Corporation (“New Meredith”) common stock for each share of common stock of the company as it exists today, and one share of “New Meredith” Class B common stock for each share of soon-to-be “Old Meredith” class B stock held as of November 19.
This effectively put the Meredith/Gray Merger Marathon at Mile 26, with the finish line clearly in sight. In fact, Meredith has a date within the next month when it expects the closing to occur.
