logo
Plus   Neg
Share
Email

21st Century Fox Completes Distribution In Connection With Disney Acquisition

Twenty-First Century Fox, Inc. or 21CF (FOXA,FOX) announced Tuesday the completion of the distribution of all issued and outstanding shares of Fox Corp. common stock to 21CF stockholders, other than holders of the shares held by subsidiaries of 21CF, on a pro rata basis.

21CF and FOX are now each a standalone, publicly traded company. FOX Class A common stock and FOX Class B common stock are now listed on the Nasdaq Global Select Market under the symbols FOXA and FOX, respectively.

Meanwhile, 21CF Class A common stock and 21CF Class B common stock, which were formerly listed on Nasdaq under the symbols FOXA and FOX, respectively, are now listed on Nasdaq under the symbols TFCFA and TFCF, respectively.

The Walt Disney Co.'s (DIS) acquisition of 21CF will become effective at 12:02 a.m. Eastern Time on March 20, 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration or FDA announced on its website that pharma major Pfizer, Inc. issued recall of two lots of tablets meant to treat acute migraine in adults for concerns over bacteria infection. The pharma company is recalling two lots of Relpax (eletriptan hydrobromide) 40 mg tablets for potential presence of Genus Pseudomonas and Burkholderia bacteria. Cosmetics company Revlon Inc. (REV) is reportedly considering a potential sale of parts or all of its business. According to Bloomberg, Revlon has retained financial advisers from Goldman Sachs Group Inc. to explore strategic alternatives. No deal has been reached yet, but Revlon is exploring all... China's Lenovo Group Ltd. warned it may have to raise prices of its products if the U.S. moves ahead with the decision to impose additional tariffs on Chinese goods, according to a report by Reuters. The warning by Lenovo, the world's largest PC maker, comes amid the escalating trade war between the U.S. and China that has raised concerns about the global economic outlook.
Follow RTT