question: Based on Dow Jones current holdings, why would Telerate be an appropriate acquisition? answer: Dow Jones already owns 66% of Telerate paragraph: Dow Jones & Co. said it extended its $18-a-share offer for Telerate Inc. common stock until 5 p.m. EST Nov. 9. The offer, valued at about $576 million for the 33% of Telerate that Dow Jones doesn't already own, had been set to expire Nov. 6. Dow Jones, which owns about 64 million of Telerate's 95 million common shares outstanding, said that about 24,000 shares have been tendered under its offer. Telerate's two independent directors have rejected the offer as inadequate. In composite trading on the New York Stock Exchange, Telerate shares closed at $19.50, up 12.5 cents. Telerate provides an electronic financial information network. Dow Jones publishes The Wall Street Journal, Barron's magazine, and community newspapers and operates financial news services and computer data bases. 