News Corporation announced that trusts established for the benefit of Prudence MacLeod, Elisabeth Murdoch and James Murdoch and his or her respective descendants and charitable organizations intend to offer an aggregate of 14.18M shares of News Corp’s Class B common stock in an underwritten public offering. The selling stockholders will receive all of the proceeds from the offering. The company is not selling any shares of Class B common stock in the offering and will not receive any proceeds from the offering. Morgan Stanley is acting as the sole underwriter for the offering.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NWS:
