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BRIEF-Fairfax Media proceeds with domain separation, ends PE discussions
July 3, 2017 / 1:51 AM / 3 months ago

BRIEF-Fairfax Media proceeds with domain separation, ends PE discussions

July 3 (Reuters) - Fairfax Media Ltd:

• Fairfax proceeds with domain separation, ends PE discussions

• Expect EBITDA of between $262 mln and $266 mln for year ended June 2017

• Following conclusion of this process Fairfax did not receive a binding offer from either TPG consortium or Hellman & Friedman

• “Accordingly, Fairfax board has ceased discussions with both parties”

• Fairfax has been continuing with its plans for separation of domain, as previously announced on 22 February 2017

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