News Archive


Fox shareholders reject proposal to abandon dual-class shares

Posted by: Admin | Posted on: November 15th, 2017 | 0 Comments

(Reuters) – A shareholder proposal calling for Twenty-First Century Fox Inc to do away with its dual-class share structure was rejected on Wednesday, based on preliminary results announced at the media company’s annual meeting.

Shareholders also voted to re-elect Fox’s board of directors, preliminary results indicated, a sign that investors continue to support founder Rupert Murdoch and his family, who effectively control the company.

Reporting By Jessica Toonkel; Editing by Bill Rigby

Article source: http://feeds.reuters.com/~r/reuters/businessNews/~3/W7RoMn8V4fs/fox-shareholders-reject-proposal-to-abandon-dual-class-shares-idUSKBN1DF2RU

Comments are closed.