Telerate Accepts Sweetened Bid, But Latest Results Disappoint
THIS WEEK'S LEAD STORIES
Dow Jones & Co. and Telerate Inc. called in teams of suspender- clad advisors to settle their dispute over Dow Jones' $18/share tender offer for ouTSTanding Telerate shares. But it took the threat of an internecine spectacle to get Dow Jones to the bargaining table. Bumping the offer to $21/share got it done, and sources say the deal was closed in a few short strokes by Dow Jones' president and chief executive officer, Warren Phillips.
For Dow Jones, the new deal costs an additional $94 million
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