wsj_0152.xml
WSJ891102-0039
WSJ891102-0039
=
891102
=
891102
891102-0039
.
891102-0039
.
Business
Brief
--
Dow
Jones
amp
Co.
:
@
Offer
for
Telerate
Common
@
Is
Extended
Until
Nov.
9
Business
Brief
--
Dow
Jones
amp
Co.
:
@
Offer
for
Telerate
Common
@
Is
Extended
Until
Nov.
9
11/02/89
11/02/89
11/02/89
WALL
STREET
JOURNAL
(
J
)
WALL
STREET
JOURNAL
(
J
)
DJ
TLR
DJ
TLR
TENDER
OFFERS
,
MERGERS
,
ACQUISITIONS
(
TNM
)
MEDIA
,
PUBLISHING
,
BROADCASTING
,
ELECTRONIC
PUBLISHING
(
MED
)
TENDER
OFFERS
,
MERGERS
,
ACQUISITIONS
(
TNM
)
MEDIA
,
PUBLISHING
,
BROADCASTING
,
ELECTRONIC
PUBLISHING
(
MED
)
Dow
Jones
&
Co.
said
it
extended
its
$
18-a-share
offer
for
Telerate
Inc.
common
stock
until
5
p.m.
EST
Nov.
9
.
The
offer
,
valued
at
about
$
576
million
for
the
33
%
of
Telerate
that
Dow
Jones
does
n't
already
own
,
had
been
set
to
expire
Nov.
6
.
Dow
Jones
,
which
owns
about
64
million
of
Telerate
's
95
million
common
shares
outstanding
,
said
that
about
24,000
shares
have
been
tendered
under
its
offer
.
Telerate
's
two
independent
directors
have
rejected
the
offer
as
inadequate
.
In
composite
trading
on
the
New
York
Stock
Exchange
,
Telerate
shares
closed
at
$
19.50
,
up
12.5
cents
.
Telerate
provides
an
electronic
financial
information
network
.
Dow
Jones
publishes
The
Wall
Street
Journal
,
Barron
's
magazine
,
and
community
newspapers
and
operates
financial
news
services
and
computer
data
bases
.