While Dow Jones evaluates Rupert Murdoch’s $5 billion takeover offer for the group, lawyers claim it could face a flood of lawsuits if it rejects the bid and its stock price plummets.
Dow Jones & Co Inc.could face a flood of shareholder lawsuits if it rejects a buyout bid from Rupert Murdoch and its shares tumble, legal and governance experts said on Wednesday. Dow Jones, publisher of the Wall Street Journal, has said it is evaluating the $5 billion takeover bid from Murdoch’s News Corp. a proposal […]