News Corp Shareholders Reject Recapitalization Proposal to End Dual-Class Capital Structure

MT Newswires Live

2024/11/21

News Corp (NWSA) said Wednesday its shareholders voted against a proposal, as recommended by its board, to do away with its dual-class capital structure.

News Corp shareholder Starboard Value and Opportunity Master Fund had pushed for a recapitalization plan.

Shareholders also elected the company's full slate of directors during its annual meeting, it said.

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