Many people knew of pending Dow Jones offer

Cory Bergman May 9th, 2007

The SEC is investigating some “highly unusual” purchases of Dow Jones stock immediately before Rupert Murdoch’s aggressive bid for the company — which sent the stock price skyrocketing — and now the WSJ reports that Murdoch’s first meeting with Dow Jones was on March 29th — over two weeks before the official offer. In connecting the dots, everyone from investment bankers to lawyers to journalists knew about the pending offer before it was made public. (Paid sub. req.)