97 views 0 comments

News Corp. Offers To Buy Remainder of Fox

by on January 10, 2005
Share on Pinterest
There are no images.

News Corporation today offered to acquire all of the Class A common shares of Fox Entertainment that it does not already own. Under the terms of the exchange offer, holders of Fox Class A common stock would receive 1.90 shares of News Corp.’s Class A common stock for each outstanding share of Fox Class A common stock. Based on the current prices, News Corp. estimates that the offer represents a 7% premium over Fox’s January 7 closing price.

[Source: Business Wire]

Related Content from ZergNet:

Leave a reply »


You must log in to post a comment