Dow Jones Confirms Receipt of Unsolicited Acquisition Proposal from News Corporation
NEW YORK (May 1, 2007) — Dow Jones & Company (NYSE: DJ) today confirmed that its Board of Directors has received an unsolicited proposal from News Corporation to acquire all of the outstanding shares of Dow Jones common stock and Class B common stock for $60.00 per share in cash, or in a combination of cash and News Corporation securities.
The Board of Directors and members and trustees of the Bancroft family, who hold shares representing a majority of the Company’s voting power, are evaluating the proposal. There can be no assurance that this evaluation will lead to any transaction.
http://www.dj.com/Pressroom/PressReleases/Other/US/2007/0501_US_DowJones_625.htm
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