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Article: News Corporation Announces Increased Offer For Fox Class A Shares and Extension of Offer; Fox Special Committee To Recommend Offer; Litigation Settled In Principle.
- Article from:
- Business Wire
- Article date:
- March 3, 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) announced today that it is increasing the exchange ratio in its previously announced exchange offer for all of the outstanding shares of Fox Entertainment Group, Inc.'s Class A common stock (NYSE: FOX) that News Corporation does not already own.
Pursuant to the terms of the increased exchange offer, holders of Fox Class A common stock will receive 2.04 shares of News Corporation Class A common stock in exchange for each outstanding share of Fox Class A common stock validly tendered and not withdrawn in the exchange offer.
Except for the increase in the exchange ratio, the other terms and ...