Time Inc. to open new global headquarters in Lower Manhattan Brookfield Office Properties (BPO) announced that it has signed a lease with Time Inc. (TIME) for 700,000 square feet at 225 Liberty St. -- one of the five office towers of the Brookfield Place complex in Lower Manhattan. Time Inc. will be relocating its global headquarters from Midtown Manhattan.
Citi sees much less probability of Meredith acquiring Time Citi analyst Jason Bazinet reduced his probability of Meredith (MDP) acquiring Time (TIME) to 20% from 65%. Time's moves to cut costs and monetize assets bring less opportunity for Meredith to create value, the analyst tells investors in a research note. He lowered his price target for Buy-rated Time to $29 from $30 and Neutral-rated Meredith to $47 from $57. Bazinet still believes Time is an attractive investment as a standalone company.