News Corp shareholder T Rowe Price raises concerns about merger with Fox - NYT [Reuters]
T. Rowe Price Group, Inc. (TROW)
Last t. rowe price group, inc. earnings: 4/28 07:30 am
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Source: Reuters
Nov 25 (Reuters) - T. Rowe Price (TROW.O) , a major shareholder in News Corp (NWSA.O) , said it had strong reservations about Rupert Murdoch's plan to reunite News Corp and Fox Corp (FOXA.O) , The New York Times reported on Friday, making it the third investor to express dissent over the plan. T. Rowe Price told the newspaper that a merger of the two companies would probably undervalue News Corp, which it believes is trading for less than it is worth. T. Rowe Price is the largest shareholder in News Corp after the Murdoch family and owns about 17.88%, according to Refinitiv data. The report comes after other major shareholders Independent Franchise Partners and Irenic Capital opposed Murdoch's plan, proposed in October, to recombine the companies he separated in 2013. Independent Franchise Partners owns about 7% of News Corp's Class A shares and 6.4% in Fox Corp. Activist investor Irenic Capital Management holds 2% of News Corp's shares. T. Rowe Price wanted to make its
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- 4/1/24 - Form 4
- 4/1/24 - Form 4
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