shankargallery (shankargallery) wrote,
shankargallery
shankargallery

How they tried to stop Murdoch

clipped from www.smh.com.au
How they tried to stop Murdoch
Miriam Steffens
But Mr Murdoch emerged the winner. Dow Jones was forced to
accept his $US60-a-share offer in early August, ending the Bancroft
family's 105 years of stewardship, after the three-month search
failed to produce a "competitive alternative proposal", documents
filed with the US stock market regulator on Friday show. The
publisher also agreed to pay News Corp $US165 million should it
back out and let the deal collapse, the filing reveals.
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