Tuesday, May 1, 2007

Dow Jones Investors Predict Murdoch's $5 Billion Bid Will Spark Auction

(Bloomberg) -- Dow Jones & Co. shareholders say Rupert Murdoch's $5 billion takeover bid will spark an auction of the 125-year-old newspaper publisher.

``We're in the first inning,'' said Lawrence J. Haverty Jr., associate portfolio manager at Gamco Investors Inc. in Rye, New York. Gamco had 825,000 Dow Jones shares as of December. ``Dow Jones is a fish in the pond, and there are sharks swimming around.''


Read more at Bloomberg Stocks News

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