Murdoch raid boosts Fairfax

1points Posted 1010 days, 11 hours ago by Bronwen

Shares in John Fairfax Holdings soared as much as 37 cents, or nearly 8 per cent this morning after Rupert Murdoch's News Corporation confirmed its "friendly" acquisition of 7.5 per cent of the company in a stunning $360 million off-market raid last night.

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Source: http://www.theage.com.au/news/business/murdoch-raid-boosts-f…

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