News Corp shareholder T Rowe Price raises concerns over Fox merger - NYT [Financial Post (Toronto, Ontario, Canada)]
T. Rowe Price Group, Inc. (TROW)
Last t. rowe price group, inc. earnings: 4/28 07:30 am
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Source: Financial Post
New York Times reported on Friday, joining other investors in 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 owns about 17.88% of News Corp, according to Refinitiv data, and is the largest shareholder after the Murdoch family. Fox and News Corp declined to comment, while T. Rowe Price did not immediately respond to Reuters requests for comment. Other major shareholders Independent Franchise Partners and Irenic Capital have also opposed Murdoch's plan, disclosed in October, to recombine the companies that he separated in 2013. Fox and News Corp said in October they formed special committees to review proposals for a potential combination. 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 w
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TROW
Earnings
- 4/26/24 - Beat
TROW
Sec Filings
- 4/26/24 - Form 144
- 4/26/24 - Form 10-Q
- 4/26/24 - Form 497K
- TROW's page on the SEC website