Tuesday, May 1, 2007

Should Have Bought Dow Jones Yesterday

NEW YORK (AP) — Dow Jones (DJ), publisher of The Wall Street Journal, said Tuesday that it has received an unsolicited bid from Rupert Murdoch's media company News Corp. (NWS) to buy the company for $60 a 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%, 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.

1 comment:

www.ShareTipsInfo.com Team said...

Dear All,

Your blog is nice and informative. We think our post will be quite useful and informative for your visitors. Now we have seen that market is going up and up and at every rise it is coming down.
So we suggest one need to be very careful at every rise.Right now Reliance Power IPO is coming which is looking very attractive and is really not be missed type of IPO.
DO apply for it and in coming days we can see Reliance group flying in the Indian Stock Market.

Regards

ShareTipsInfo Team