M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

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Wednesday, July 18, 2007

Dow Jones Deal Still a Shaky Prospect

I'm quoted in today's TheStreet.com article Dow Jones Deal Still a Shaky Prospect on the legality under the federal securities laws of Dow Jones's refusal to disclose that three of its directors either abstained or refused to vote on the News Corp. deal.  Given that there is no final, agreed deal on the table at this time, disclosure of the exact composition of the Dow Jones board vote is likely immaterial and Dow Jones therefore not legally required to make it.  Nonetheless, good corporate governance practice would generally militate such disclosure. 

http://lawprofessors.typepad.com/mergers/2007/07/dow-jones-deal-.html

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