On Today’s STOP TRADING Jim Cramer said he believes that the News Corp. (NWS) bid for Dow Jones (DJ) will succeed, but it may not stop there. In 1996, Rupert Murdoch was considering paying $73.00 for the company but he was being blocked by insiders who were opposed. The powers that were against Rupert Murdoch before are no longer there and the deal will go through. Private equity could provide numerous white knights and competing bidders. The current $60.00 may be a floor and bids could go higher.
On Proctor & Gamble (PG), Cramer said he actually prefers Avon Products Inc. (AVP) better.
Jon C. Ogg
May 1, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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