(Reuters) - Two of the four main beneficiaries of the trust are in favor of a sale, the paper said, citing unnamed sources. If Bancroft turned down the offer against their wishes, he might expose himself to litigation. Splitting up the trust would allow him to vote his shares against the deal, while his relatives' shares could go in its favor, it said.
The paper also reported that another branch of the Bancroft family will vote against the deal, putting pressure on Rupert Murdoch to raise his offer.
Read more at Reuters.com Business News
The paper also reported that another branch of the Bancroft family will vote against the deal, putting pressure on Rupert Murdoch to raise his offer.
Read more at Reuters.com Business News
No comments:
Post a Comment