FXJ fairfax media limited
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News: FXJ Fairfax Media receives revised indicative proposal from TPG Consortium

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    15/05/17
    11:10
    Post #: 24688890

    May 15 (Reuters) - Fairfax Media Ltd (FXJ) :

    • Revised indicative proposal from TPG Consortium
    • Received a revised, indicative, preliminary and non-binding proposal from a consortium including TPG Group (and Ontario teachers' pension plan board
    • Revised proposal to acquire 100% of shares in Fairfax at a price of $1.20 per share with all consideration being in cash
    • Fairfax board of directors is reviewing revised indicative proposal
    • Macquarie Capital and Herbert Smith Freehills are advising Fairfax
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