Newscorp entered into an agreement to purchase all of the outstanding shares of Dow Jones and Company

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Newscorp entered into an agreement to purchase all of the outstanding shares of Dow Jones and Company for $60 per share. The number of outstanding shares at the time of the announcement was 82 million. The book value of interest-bearing liabilities on the balance sheet of Dow Jones was $1.46 billion. What was the cost of this acquisition to the shareholders of Newscorp?

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Analysis For Financial Management

ISBN: 9780071276269

9th International Edition

Authors: Robert C. Higgins

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