Media
News Corp. & Dow Jones: We Will Control All You See and Hear (NWS, DJ)
Published:
CNBC’s David Faber is reporting that Rupert Murdoch’s News Corp. (NWS-NYSE) has made a $60.00 per share offer to acquire Dow Jones (DJ-NYSE) common stock. Dow Jones shares have just screamed up by more than 40% in response to this news. Because of classes of stock and debt, the real terms on this one could be elusive. This would be highly subject to the Bancroft family approval, even though this represents a huge premium to the common stock. As far as the common stock is concerned, this would get all shareholders except those who purchased Dow Jones shares in parts of 1999 and 2000 back above water.
Jon C. Ogg
May 1, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.