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BRIEF-Fairfax Media receives proposal from Hellman & Friedman to acquire 100% of shares in Co
May 17, 2017 / 11:07 PM / 4 months ago

BRIEF-Fairfax Media receives proposal from Hellman & Friedman to acquire 100% of shares in Co

May 18 (Reuters) - Fairfax Media Ltd:

* 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 Source text for Eikon: Further company coverage:

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