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.
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