By: E&P Staff
(AP)?Shares of Dow Jones & Co. rose Monday amid speculation the company may be sold, but a lawyer for the family which holds a majority stake in the publisher of The Wall Street Journal denied Dow Jones is up for sale.
“We are not looking for a buyer for Dow Jones,” Roy Hammer, trustee of trusts for the Bancroft family and a partner of Boston law firm Hemenway & Barnes, told The Associated Press.
The Bancroft family owns a majority interest in Dow Jones, which also publishes Barron’s, the financial weekly, as well as other daily and weekly newspapers. It also runs several newswires and Web sites.
On Monday, Dow Jones stock rose $2.29, or 5.9 percent, to $41.48.
News reports citing Hammer said Dow Jones had received three takeover bids.
Robert Christie, a spokesman for Dow Jones, said the firm had no comment.