MediaBuyerPlanner: The largest economic shareholder in Dow Jones has said that the Bancroft family should agree to sell the company to News Corp. The offer, at $60, is a “fairly attractive” one, and the company seems to have no plan in place to get shares to $60 on its own, according to Brian Rogers, chairman and chief investment officer of T. Rowe Price
Rogers, who manages the group’s flagship $25bn Equity Income Fund – the largest economic shareholder in Dow Jones – believes that News Corp.’s Murdoch would probably pay more than $60 to seal the deal, reports the Financial Times. “You have to ask yourself, if you are a shareholder with voting control, does our position change at $68? Some people’s opinions will not change, and some others’ might.”
Related stories:
- Bancroft Family to Meet in Private about News Corp. Offer
- Ottaway Opposed to News Corp.’s Bid
- Murdoch Acquisition of Dow Jones Could Threaten CNBC, Reuters
- Dow Jones to ‘Take No Action’ on Murdoch Offer
- Murdoch Makes $5 Billion Offer for Dow Jones
