May 18 (Reuters) - Fairfax Media Ltd FXJ.AX :
* Received proposal from Hellman & Friedman to acquire 100% of shares in co at a price between $1.225 to $1.250 per share
* TPG Consortium and Hellman & Friedman granted due diligence
* Fairfax Media to allow TPG Consortium and Hellman & Friedman to conduct due diligence
* Proposal assumes no dividends are paid by Fairfax from date of proposal to completion of H&F indicative proposal
* During the due diligence period Fairfax intends to continue progressing the announced potential separation of domain group Source text for Eikon: ID:nASXbnLHSx Further company coverage: FXJ.AX