As Rupert Murdoch stares down an unblinking Bancroft family, one of Dow Jones
& Co's leading independent shareholders, T. Rowe Price Group Inc., has
blinked. The mutual fund giant, Dow Jones' largest outside investor with 4.5
million shares, lent Murdoch a show of support for his $5 billion bid when T.
Rowe Price chairman Brian Rogers told the Financial Times that the $60 a share
offer is attractive. In the same story, Rogers also had some harsh words for
buyout firms. —Matthew Wurtzel
As Rupert Murdoch stares down an unblinking Bancroft family, one of Dow Jones
& Co's leading independent shareholders, T. Rowe Price Group Inc., has
blinked. The mutual fund giant, Dow Jones' largest outside investor with 4.5
million shares, lent Murdoch a show of support for his $5 billion bid when T.
Rowe Price chairman Brian Rogers told the Financial Times that the $60 a share
offer is attractive. In the same story, Rogers also had some harsh words for
buyout firms. —Matthew Wurtzel
