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Two members of the Ottaway family, a minority partner in Dow Jones & Company, released scathing statements yesterday saying that a takeover by Rupert Murdoch’s News Corporation would ruin Dow Jones and its crown jewel, The Wall Street Journal.
The controlling Bancroft family said last week that family members representing 52 percent of shareholder votes opposed Mr. Murdoch’s $60-a-share bid, a steep premium for a stock that had recently traded around $36. But their statement was vague, leaving it unclear whether family members objected to the price, to Mr. Murdoch or to a sale on any terms.......
http://www.nytimes.com/2007/05/07/business/media/07ottaway.html?_r=1&th&emc=th&oref=slogin
The controlling Bancroft family said last week that family members representing 52 percent of shareholder votes opposed Mr. Murdoch’s $60-a-share bid, a steep premium for a stock that had recently traded around $36. But their statement was vague, leaving it unclear whether family members objected to the price, to Mr. Murdoch or to a sale on any terms.......
http://www.nytimes.com/2007/05/07/business/media/07ottaway.html?_r=1&th&emc=th&oref=slogin
