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Fairfax ends talks with US private equity suitors without receiving a formal bid
Add BT as a preferred sourcePublished Mon, Jul 3, 2017 · 09:50 PM
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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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