Dow Jones Sets Deadline For Shareholders In News Corp Deal

Posted Wednesday, December 5, 2007 12:00 am

By: E&P Staff Dow Jones & Co. set a Dec. 12 deadline on Wednesday for shareholders to decide whether they want to receive shares or cash in News Corp.'s buyout of the media and financial information giant.

Dow Jones Stockholders can opt to receive Newco class B common units in exchange for their Dow Jones shares, or they can cash out for $60 per share. Newco is a News Corp. subsidiary that will own all shares of Dow Jones when the deal closes.

The $5.2 billion acquisition is expected to close before the end of the year.

Nearing the closing of trading Wednesday, Dow Jones (NYSE: DJ) shares were priced at $59.91, up 8 cents, or 0.1%.

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Dow Jones Sets Deadline For Shareholders In News Corp Deal

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