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Dow Jones & Co, which has been in talks on a takeover by News Corp, will meet with supermarket magnate Ron Burkle as Dow Jones explores its options, according to a report in the online edition of the Wall Street Journal.
Dow Jones is making a last push to try to find other potential buyers, in part, to appease Leslie Hill, a Dow Jones director and a member of the Bancroft family, the newspaper said. The Bancroft family controls 64 per cent of the company's votes.
Burkle has been exploring a structure for Dow Jones that would incorporate an employee stock ownership plan, the report said. A committee of Dow Jones' board is expected to meet with Burkle on Monday, the report said.
Dow Jones and News Corp continue to negotiate a potential deal, with an agreement on price possible soon, the report said.
Dow Jones and Burkle were not immediately available to comment.
- REUTERS
