Telerate Says Offer Inadequate: Telerate Inc. said...

Telerate Says Offer Inadequate: Telerate Inc. said the recent offer by Dow Jones & Co., which holds a 67% stake in the computerized financial information company, to buy the rest of Telerate for $376.2 million is inadequate. Dow Jones has offered $18 a share for Telerate. Telerate said the offer is not in its best interests--or that of its stockholders, other than Dow Jones, which owns 63.6 million common shares. The Telerate committee recommended that stockholders not tender any shares under the offer, adding that it was advised by Shearson Lehman Hutton Inc. that the offer was inadequate from a financial viewpoint.