Dow Jones agreement gives committee approval power

(Reuters) - The agreement requires approval of the family, which contains about three-dozen adult members.




The sources disputed a report in Thursday's edition of The New York Times that News Corp. would have the sole power to hire and fire top Wall Street Journal editors and that the committee would have no power to approve candidates.


Read more at Reuters.com Mergers News

Avaya, Dendreon, Digene, Flextronics, Solectron: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges
today. Stock symbols are in parentheses after company names.
Share prices are as of 9:30 a.m. New York time.

Avaya Inc. (AV US) rose 42 cents, or 2.6 percent, to $16.50
and traded as high as $16.60. The New York Times reported that
the computer networking company agreed to be bought by Silver
Lake Partners and TPG Inc. for $8 billion. Shareholders will get
about $17 a share in the deal, which may be announced as early as
today, the Times said, citing unidentified people familiar with
the transaction. That's 5.7 percent more than the stock's closing
price on June 1.


Read more at Bloomberg Stocks News