Original article by Max Mason
The Australian Financial Review – Page: 31 : 22-May-17

Dealogic notes that the two rival bids for Fairfax Media are the largest takeover offers for any publisher worldwide so far in 2017. Allan Gray Australia MD Simon Mawhinney has welcomed Fairfax’s decision to allow TPG Capital and Hellman & Friedman to undertake due diligence. However, neither suitor is likely to make a formal bid before 30 June. TPG Australia boss Joel Thickins has told a Senate committee that the private equity firm will expand the Fairfax business and retain its charter of editorial independence.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, TPG CAPITAL LP, HELLMAN AND FRIEDMAN, ONTARIO TEACHERS’ PENSION PLAN, ALLAN GRAY AUSTRALIA PTY LTD, CONTANGO ASSET MANAGEMENT LIMITED – ASX CGA, MARTIN CURRIE INVESTMENT MANAGEMENT LIMITED, MACQUARIE CAPITAL PTY LTD, DOMAIN.COM.AU