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News Corporation (ASX:NWS) is being sued by shareholders for agreeing to buy Shine Group. The problem – the business is owned by Rupert Murdoch’s daughter and the reported price of $US675 million is felt to be unfair.
It is reported the News Corp board approved the deal without question. The lawsuit seeks damages and a declaration that the board breached their fiduciary duty to shareholders.
News Corp reported half year earnings of just under $1.5 billion to December 31, 2010.
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Last
$50.34 |
Change
-0.570(1.12%) |
Mkt cap ! $1.840B | |||
| Open | High | Low | Value | Volume |
| $50.91 | $51.17 | $50.17 | $26.49M | 524.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 126 | $50.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $50.54 | 126 | 2 |
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| Last trade - 16.10pm 12/08/2025 (20 minute delay) ? |
| NWS (ASX) Chart |