May 15 (Reuters) - Fairfax Media Ltd FXJ.AX :
* Revised indicative proposal from TPG Consortium
* Received a revised, indicative, preliminary and non-binding proposal from a consortium including TPG Group (and Ontario teachers' pension plan board
* Revised proposal to acquire 100% of shares in Fairfax at a price of $1.20 per share with all consideration being in cash
* Fairfax board of directors is reviewing revised indicative proposal
* Macquarie Capital and Herbert Smith Freehills are advising Fairfax Source text for Eikon: ID:nASXg5ktT Further company coverage: FXJ.AX