PE investors drop bids for Australia’s Fairfax
Hellman & Friedman, along with a consortium led by TPG Capital and including Ontario Teachers’ Pension Plan (OTPP), have withdrawn their bids to acquire Australia’s Fairfax Media.
According to a filing, Fairfax’s board ceased discussions with both parties after the due diligence process failed to result in a binding bid from either. The company will continue to pursue its standalone...
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