Starboard Value has appealed to
News Corp. shareholders to vote for an elimination of the dual-class structure at the upcoming annual meeting. This follows Starboard's submission of a non-binding proposal requesting a change in the share structuring.
News Corporation responded to this proposal, which could potentially end the Murdoch family's grip on the company. Activity in
News Corp.'s stock is also noteworthy, with various management companies modifying their positions and notable trading performance in comparison to competitors.
News Corp also continues its share buyback, targeting $1 billion. Amid these developments, News Corp subsidiary, REA Group, is reportedly considering a bid for Rightmove. Elsewhere, it's Worth noting that activist investor attention is growing on the firm, potentially seeking changes. For instance, reports indicate that activist investor
Starboard is looking at News Corp for structural changes.
News Corporation Class A NWSA News Analytics from Tue, 19 Jul 2011 07:00:00 GMT to Sun, 22 Sep 2024 16:54:04 GMT -
Rating 5
- Innovation 8
- Information 7
- Rumor 3
