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Article: News Corporation Exchange Offer Hearing Date Postponed; Exchange Offer to Be Extended As Necessary.
- Article from:
- Business Wire
- Article date:
- February 23, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- News Corporation (NYSE: NWS, NWS.A; ASX: NWS, NWSLV) today announced that a hearing, originally scheduled to be held in the Court of Chancery of the State of Delaware on March 1, 2005, has been postponed. The purpose of the hearing was to rule on plaintiffs' motion for a preliminary injunction prohibiting completion of News Corporation's previously announced exchange offer for outstanding shares of Fox Entertainment Group, Inc.'s Class A common stock (NYSE: FOX). The date of any rescheduled hearing has yet to be determined, but News Corporation expects that any such hearing would be held in mid-March.
The exchange offer is currently set to expire at ...