Sunday, December 12, 2010
Murdoch, Dow Jones blocked key defection.
<P>: Http://finance. Hearing, according to "The Wall Street Journal," 24 reported that News Corp. acquisition of Dow Jones companies with the latest developments and the latest news on News Corp. head Rupert Murdoch is extremely unfavorable. .Held in 23 members of the Bancroft family meeting, a former member of the acquisition swing clear that Murdoch joined the opposition camp, the shareholders of the acquisition. .</ P> <P> News Group once again blocked </ P> <P> 23 days, holders of "The Wall Street Journal" controlling stake in Dow Jones, publisher of the Bancroft family meeting in the Hilton Hotel to discuss whether the Road .Jones, the company sold to Rupert Murdoch's News Corporation. .Bancroft family to make any final decision would be difficult to say now, but during the meeting, a key member of the Bancroft family, Jane McKay Hurley (Jane MacElree) of her relatives said that she strongly opposed the deal, and she had .the attitude of the deal has been wavering. .In addition, the failure to Bancroft family members will be notified by phone and vote next week. .</ P> <P> McKay Hurley and I have entrusted with the management shareholders of Dow Jones shares about 15% of the total voting rights, she has made it clear that Murdoch joined the opposition camp, the shareholders of the acquisition. .McKay Cox Hurley is a family, but also the Bancroft family, one of the most senior figures. .This will make her and her support for the acquisition of a conflict between the children. .</ P> <P> The meeting was kicked off after lunch, in a few hours of talks, family bankers, trustees and Dow Jones board members have made a statement. .Participants said, bankers and lawyers discussed the pros and cons from Murdoch's offer. .</ P> <P> Their conclusion is clear: Although the acquisition of Dow Jones can provide the resources needed expansion, but it is difficult to ensure that the "Wall Street Journal" editorial independence will not be affected, even though News Corp. and Dow Jones .agreement on this issue previously. .</ P> <P> internal differences of price </ P> <P> the acquisition of the whole, there has been within the Bancroft family differences. .News Corp. bid for Dow Jones had 50 million dollars (60 U.S. dollars per share), compared with 67% premium to Dow Jones is the current share price. .Analysts said plans opposed the sale of the Bancroft family members to raise prices if may result in News Corp. head Rupert Murdoch lose patience even to climb down. .</ P> <P> family members, and Dow Jones board member Christopher Bancroft family, held in the Hilton Hotel meeting, said: "At this stage the final outcome is hard to say. I hope the end result is the Road .Jones, the most favorable. "Earlier this month, Christopher Bancroft has to sell part of equity issues and the Internet entrepreneur Greenspan Brand talks. .Greenspan acquisition will submit a detailed letter of intent on behalf of Dow Jones. .Currently, another branch of Bancroft family agreed Cooks also acquired, the branch members have a full 23% of Dow Jones voting shares. .</ P> <P> now, Murdoch just get more than half of the Bancroft family members can get the consent of Dow Jones. .Bancroft family owns 64% stake in Dow Jones, the rest of the shareholders are very much like the Dow Jones takeover. .News Corporation to acquire the interest from since the Bancroft family, which has been wavering. .The family initially rejected Murdoch's purchase requests until 7 weeks ago and expressed willingness to hold talks with Rupert Murdoch. .</ P> <P> directly affected by the Bancroft family's Dow Jones is the internal divisions of the company's share price. .New York Stock Exchange closed yesterday, the Dow Jones fell 31 cents per share, to close at $ 54.69. .</ P>.
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