The Information Corp. (NASDAQ:NWS) (NASDAQ:NWSA) particular committee tasked with analyzing a possible recombination with Fox (NASDAQ:FOX) (NASDAQ:FOXA) has employed authorized and monetary advisers to dig into Rupert Murdoch’s proposal.
In an replace, the Particular Committee says it is retained PJT Companions as a monetary adviser and Sullivan & Cromwell as its authorized adviser.
It hasn’t made any willpower a few potential mixture of the businesses right now.
“The Particular Committee is cognizant of its fiduciary duties in representing the shareholders of Information Corp (NWSA), and can present additional updates as and when the Particular Committee deems such updates are acceptable or required,” the group says in an announcement.
The committee contains all of the impartial administrators not affiliated with the Murdoch household – Kelly Ayotte, José María Aznar, Natalie Bancroft, Ana Paula Pessoa, and Masroor Siddiqui – and is chaired by Lead Impartial Director Siddiqui.
Murdoch and the Murdoch Household Belief have indicated they will not vote for such a mixture until it is advisable by the Particular Committee and wins over a majority of nonaffiliated stockholder voters.
The method was launched with a push from Rupert Murdoch to look at combining the 2, a transfer that will reunite a previously wide-ranging media empire that is spent almost a decade as separate entities.