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BRIEF-Fairfax Media proceeds with domain separation, ends PE discussions

Published 03/07/2017, 11:48 am
Updated 03/07/2017, 11:50 am
© Reuters.  BRIEF-Fairfax Media proceeds with domain separation, ends PE discussions
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July 3 (Reuters) - Fairfax Media Ltd FXJ.AX :

Fairfax proceeds with domain separation, ends PE discussions

Expect EBITDA of between $262 mln and $266 mln for year ended June 2017

Following conclusion of this process Fairfax did not receive a binding offer from either TPG consortium or Hellman & Friedman

"Accordingly, Fairfax board has ceased discussions with both parties"

Fairfax has been continuing with its plans for separation of domain, as previously announced on 22 February 2017

Source text for Eikon: Further company coverage: FXJ.AX

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