Hobbs
05-01-2007, 12:02 PM
NEW YORK (AP) - Dow Jones & Co., publisher of The Wall Street Journal, said Tuesday it has received an unsolicited bid from Rupert Murdoch's News Corp. to buy the company for $60 per share, or $5 billion.
Shares of the financial news publishing company soared after the cable news channel CNBC reported news of the offer earlier Tuesday.
After opening at $37.12, the shares jumped $20.95, or 58 percent, to $57.28 before being halted on the New York Stock Exchange for news pending. They had traded in a 52-week range of $32.16 to $40.08 before Tuesday's news.
http://www.breitbart.com/article.php?id=D8ORMVPG0&show_article=1
Shares of the financial news publishing company soared after the cable news channel CNBC reported news of the offer earlier Tuesday.
After opening at $37.12, the shares jumped $20.95, or 58 percent, to $57.28 before being halted on the New York Stock Exchange for news pending. They had traded in a 52-week range of $32.16 to $40.08 before Tuesday's news.
http://www.breitbart.com/article.php?id=D8ORMVPG0&show_article=1