suspend half the voting rights of its non-American shareholders
to comply with a U.S. law that limits foreign ownership, after
the company found it had breached the rule, Wall Street Journal
reported, citing people familiar with the situation.
Wednesday, April 18, 2012
News Corp to act on US ownership rule breach-WSJ
April 18 (Reuters) - News Corp is expected to
suspend half the voting rights of its non-American shareholders
to comply with a U.S. law that limits foreign ownership, after
the company found it had breached the rule, Wall Street Journal
reported, citing people familiar with the situation.
suspend half the voting rights of its non-American shareholders
to comply with a U.S. law that limits foreign ownership, after
the company found it had breached the rule, Wall Street Journal
reported, citing people familiar with the situation.
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