Dow Jones & Co., the owner of The Wall Street Journal, Barron’s and Marketwatch, announced Tuesday evening that its acquisition by News Corp. has cleared a major regulatory hurdle.
Its release stated, “Dow Jones & Company and News Corporation announced today that the Premerger Notification Office of the Federal Trade Commission granted early termination on August 28, 2007 of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act) in connection with News Corporation’s proposed acquisition of Dow Jones. Termination of the HSR Act waiting period satisfies one of the conditions to the closing of the transaction, which was previously announced on August 1, 2007.
“The merger, which is expected to close in the fourth calendar quarter, remains subject to approval by Dow Jones stockholders, execution and delivery by the parties of the editorial agreement, certain other regulatory approvals and other customary closing conditions.”
Read more here.
