What Happens To Dow Jones' Stock Price If The Bancrofts Nix The News Corp Deal?

It falls from its current lofty peak, sure, but to where?

Do we assume that the company’s $36 stock price—the level it was at before Murdoch’s bid was made public—already contained a deal premium?

Curious to hear any and all thoughts.

UPDATE 7/20: Some thoughts on this here, with a major hat-tip to my colleagues Tom Lowry and Roben Farzad.

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