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Dow Jones close to completion of acquisition of Oster Dow Jones.

Dow Jones (New York) is close to the completion of the acquisition of Oster Dow Jones (New York), a Joint venture it established with Oster Communications (Ceder Rapids, IA) in January 2002 in which Dow Jones was previously a one-third owner. No terms of the deal have been given.

Oster Dow Jones is a commodity news company whose three main products, OsterDow Jones FWN, OsterDow Jones AgriWire and OsterDow Jones Commodity-Wire, offer worldwide coverage of all commodities, including base metals, grains, livestock, coffee, sugar, cocoa and orange juice. The company targets its services to financial professionals as well as farmers, manufacturers, end-users and bankers involved in production, procurement and financing of physical commodities.

The company will be renamed Dow Jones Commodities Service and the news staff will be retained. DJ Newswires president Paul Ingrassia said that "commodities and futures coverage is important to our startegy of covering news and information related to all asset classes, and we expect this to become a fast-growing part of our business."
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Title Annotation:Dow Jones Commodities Service
Comment:Dow Jones close to completion of acquisition of Oster Dow Jones.(Dow Jones Commodities Service)
Publication:Business Publisher
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 31, 2004
Words:167
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