TPG, OTPP return with full buyout offer for Australia's Fairfax
TPG Capital and Ontario Teachers’ Pension Plan (OTTP) have revised their bid for Australia’s Fairfax Media to a full buyout that values the business at approximately A$2.75 billion ($2 billion).
They are offering A$1.20 per share for all outstanding shares on a fully diluted basis, according to a filing. This represents a 13% premium to the May 5 closing price, the last trading day before the...
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