Rupert Murdoch and his six kids are in line for billions of dollars ($US2 billion each for the six children, led by James, Lachlan and Liz Murdoch) from Disney’s $US71.3 billion bid for 21st Century Fox and the dismembering of the empire and creation of a new Fox company based on the Fox News Channel.
But very quietly shareholders in Argo Investments, Australia’s second largest investment company stand to share in an $A100 million bonanza, all thanks to the Murdoch males and their decision to sell to Disney and split Fox.
Whether shareholders get all of that or the company reinvests the gain back into the markets hasn’t been mentioned by the company in speeches yesterday to Argo’s annual meeting in Adelaide.
Is that 14 cents per share?
ARG Price at posting:
$7.78 Sentiment: Hold Disclosure: Held
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