News: TPM Fairfax Media receives proposal from Hellman & Friedman to acquire 100% of shares in Co

May 18 (Reuters) - Fairfax Media Ltd (FXJ) :

• Received proposal from Hellman & Friedman to acquire 100% of shares in co at a price between $1.225 to $1.250 per share
• TPG Consortium and Hellman & Friedman granted due diligence
• Fairfax Media to allow TPG Consortium and Hellman & Friedman to conduct due diligence
• Proposal assumes no dividends are paid by Fairfax from date of proposal to completion of H&F indicative proposal
• During the due diligence period Fairfax intends to continue progressing the announced potential separation of domain group