Telsey Downgrades 21st Century Fox (FOXA) to Market Perform
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Go back to Telsey Downgrades 21st Century Fox (FOXA) to Market Perform
December 13, 2016 7:45 AM EST
Wedbush maintained an Outperform rating on 21st Century Fox (NASDAQ: FOXA), and cut the price target to $31.00 (from $33.00) based on likely dilution from a SKY plc deal. On Friday, SKY and FOXA separately announced an agreement in principle on a possible deal at £10.75/$12.90... More
December 9, 2016 11:01 AM EST
(Updated - December 9, 2016 11:02 AM EST)
The Independent Directors of Sky plc ("Sky") note today's share price increase, and announce that Sky has received an approach from 21st Century Fox, Inc. (Nasdaq: FOXA). After a period of negotiation, the Independent Directors of Sky and 21st Century Fox have reached agreement on an offer price of £10.75 per share in cash, less the value of any dividends subsequently paid by Sky (the "Proposal"). However, certain material offer terms remain under discussion and there can be no certainty that an offer will be... More
