Waiting period ends in proposed merger of News Corp., Dow Jones

By Lisa Kerner

Charlotte, N.C., Aug. 29 - The Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period in the proposed acquisition of Dow Jones & Co. by News Corp.

It was previously reported that the companies' Aug. 1 merger agreement gives Dow Jones stockholders $60 cash for each share of common stock and class B common stock in a deal valued at some $5.6 billion. The agreement includes a $165 million termination fee, and the merger is expected to close in the fourth quarter.

Dow Jones is a provider of business news and information services based in New York.

News Corp. is a New York-based vertically integrated media company.

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