Dow Jones Raises Stake In Telerate To 56 Percent With $300 Million Block Purchase


Dow Jones & Co.'s interest in Telerate, Inc. crept over the 50 percent mark with its $300 million acquisition of a five million share block from Forstmann-Leff Associates, Inc. The $57.50/share price shocked some observers, but by paying it, Dow Jones boosted its stake to almost 56 percent of Telerate's common shares.

Despite its valuation of Telerate at $2.7 billion, $57.50 is "not an outrageous price," says Andrew Wallach, an analyst at Drexel Burnham Lambert, Inc. "It's really in the realm

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: