(Reuters) - NEW YORK, July 17 - Dow Jones & Co. Inc.
said on Tuesday that its board was prepared to recommend
shareholders accept a $5 billion buyout offer from Rupert
Murdoch's News Corp. , leaving the fate of the company
in the hands of its controlling family.
Under the terms of the agreement, News Corp. would buy all
outstanding shares of Dow Jones's common and Class B stock for
$60 per share in cash, Dow Jones said in a statement.
Read more at Reuters.com Mergers News
said on Tuesday that its board was prepared to recommend
shareholders accept a $5 billion buyout offer from Rupert
Murdoch's News Corp. , leaving the fate of the company
in the hands of its controlling family.
Under the terms of the agreement, News Corp. would buy all
outstanding shares of Dow Jones's common and Class B stock for
$60 per share in cash, Dow Jones said in a statement.
Read more at Reuters.com Mergers News
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