CORE DUMP
CORE DUMP
Neil S. Hirsch, president of Telerate Inc., sold one million shares of Telerate stock to majority shareholder Dow Jones & Company Inc. at an above-market price of $16.50 per share. The sale had the effect of lifting Dow Jones' stake in the company from 56% to 57%. Hirsch's Telerate stock holdings prior to the transaction were estimated at 6 million shares. It was the first sale of Hirsch's personal Telerate stock.
While some investment research analysts said the move might be interpreted as a
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