Fox Corporation FOXA FOX shares are trading higher by 2.68% to $31.45 Wednesday morning after the company's board of directors received a letter from Rupert Murdoch withdrawing the proposal to explore a potential combination of Fox and News Corporation NWSA.
Per a press release, in withdrawing the proposal, Murdoch indicated that he and Lachlan K. Murdoch have determined that a combination is not optimal for the shareholders of Fox and News Corp at this time.
See Also: Intuitive Surgical Stock Is Trading Lower: What's Going On?
According to data from Benzinga Pro, FOX has a 52-week high of $40.91 and a 52-week low of $26.35.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
