Disney: Fox completes split from Twenty-First Century Fox
(CercleFinance.com) - This morning Fox Corporation has become a standalone company after Twenty-First Century Fox completed the separation of the TV unit ahead of its acquisition by Disney.
21CF completed the separation of the company, which includes Fox News Channel and Fox Business Network, through the distribution of all outstanding shares to 21CF stockholders, on a pro-rata basis.
As a result, Fox shares have begun regular trading on the Nasdaq market this morning. They are currently slipping 3%.
Note that Disney's acquisition of 21st Century Fox is to become effective tomorrow.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
21CF completed the separation of the company, which includes Fox News Channel and Fox Business Network, through the distribution of all outstanding shares to 21CF stockholders, on a pro-rata basis.
As a result, Fox shares have begun regular trading on the Nasdaq market this morning. They are currently slipping 3%.
Note that Disney's acquisition of 21st Century Fox is to become effective tomorrow.
Copyright (c) 2019 CercleFinance.com. All rights reserved.