Murdoch loses out on poison pill ruling

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US - A US court ruling that Rupert Murdoch's News Corp must face charges over its alleged failure to uphold a promise to seek shareholder approval before extending a "poison pill" strategy has been welcomed by ABP and Hermes.

The Dutch Stichting Pensioenfonds ABP and UK-based Hermes funds filed a lawsuit against News Corp in October 2005, along with 11 other global pension and investment funds, in response to the compan...

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