DOJ Asks News Corp., Chris-Craft for More Information
News Corp.
(NWS) - Get News Corporation Report
said the U.S.
Justice Department
requested additional information regarding its proposed acquisition of television broadcasting company
Chris-Craft Industries
(CCN)
.
The companies don't expect the request to delay News Corp.'s planned acquisitions of Chris-Craft,
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BHC Communications
(BHC) - Get Bausch Health Companies Inc. Report
and
United Television
( UTVI). The companies expect to close the deal by the end of News Corp.'s fiscal year ending June 30, 2001.
Chris-Craft's television division is operated by BHC, a company in which it owns an 80% interest. BHC owns 58% of United Television.
Shares of News Corp. were recently down 5.4%, or $2.13, to $37, while shares of Chris-Craft were lower by 1.9%, or $1.31, to $69.06 on the
New York Stock Exchange
.
