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Fairfax ends talks with US private equity suitors without receiving a formal bid

Published Mon, Jul 3, 2017 · 09:50 PM

Sydney

AUSTRALIA'S Fairfax Media Ltd on Monday said it had ceased discussions with two US private equity suitors, ending investor hopes of a protracted battle for Australia's oldest newspaper publisher.

The publisher last month fielded bids worth as much as A$2.87 billion (S$3 billion) from TPG Capital Management LP and Hellman & Friedman, and both firms were granted due diligence.

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Companies & Markets

Fairfax ends talks with US private equity suitors without receiving a formal bid

Consumer & Healthcare

HCA beats first-quarter profit estimates on higher patient admissions

US FDA approves Pfizer’s gene therapy for rare bleeding disorder

EU toughens rules on Chinese fashion retailer Shein

Shareholders raise questions over dividend payout, directors’ salaries at Best World AGM ahead of proposed privatisation

‘Extreme’ climate blamed for world’s worst wine harvest in 62 years

Sheng Siong Q1 net profit up 9.3% on higher revenue

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