ValueAct owned 30.3 million shares of 21st Century Fox Class B shares at the end of March. Since then, it’s been buying up more Fox shares. Now owning 43.5 million, or 5.5%, of Class B shares, and officially being active at the media empire. ValueAct has been buying up shares for several quarters nows.
The filing is vague, with the language being, “To evaluate such alternatives, the Reporting Persons will routinely monitor the Issuer’s operations, prospects, business development, management, competitive and strategic matters, capital structure, and prevailing market conditions, as well as alternative investment opportunities, liquidity requirements of the Reporting Persons and other investment considerations.
Consistent with its investment research methods and evaluation criteria, the Reporting Persons may discuss such matters with management or directors of the Issuer, other shareholders, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, sources of credit and other investors.”
