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Sunday, June 3, 2007

DOW JONES SURGES ON TALK FOR HIGHER BID

By Joshua Chaffin, Aline van Duyn and James Politi in New York
Published: June 1 2007 19:41 Last updated: June 2 2007 00:46
Dow Jones shares surged on Friday as investors bet that Rupert Murdoch’s News Corp would raise its $5bn offer for the publisher of the Wall Street Journal or that rival bidders would enter the fray.
By the close of trading on Wall Street, Dow Jones shares had gained 14.8 per cent to $61.20 – above the $60 per share put on the table by News Corp.

Source : www.ft.com
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