The head investment officer of money management firm T Rowe Prices, wants Dow Jones (DJ) to take Rupert Murdoch’s money before it goes away. The firm does have some leverage. It is the largest outside shareholder in the financial information company.

As T Rowe CIO pointed out to the FT: “The offer to purchase Dow Jones at $60 in our view represents a fairly attractive transaction price…I find it hard to believe the company itself has a plan to get the shares to $60.” The investment house also thinks the price could go up if the family that owns Dow Jones would get itself to the bargaining table.

T Rowe should probably not hold its breath.

Douglas A. McIntyre