other_material
confidence high
sentiment neutral
materiality 0.60
Fox Corp. enters new stockholder agreement with Lachlan-led trusts, closes secondary offering of 16.8M shares at $53.46
Fox Corp
- New stockholders agreement signed with LGC Holdco and trusts for Lachlan, Grace, Chloe Murdoch; prior agreement with Murdoch Family Trust terminated.
- Agreement caps collective voting power of Murdoch parties at 44% of Class B common stock.
- Secondary offering of 16,835,016 Class B shares at $53.46 per share closed Sept 10; Fox received no proceeds.
- Selling stockholders were trusts for Prudence MacLeod, Elisabeth Murdoch, James Murdoch.
item 1.01item 1.02item 8.01item 9.01