Reuters logo
Hellman & Friedman did not meet bid deadline for Australia's Fairfax Media -source
June 30, 2017 / 7:43 AM / in 5 months

Hellman & Friedman did not meet bid deadline for Australia's Fairfax Media -source

SYDNEY, June 30 (Reuters) - San Francisco-based private equity firm Hellman & Friedman did not lodge a bid for Australia’s Fairfax Media before a Friday deadline, a source with direct knowledge of the matter told Reuters.

Fairfax, Australia’s oldest newspaper publisher, is subject to a bidding war between Hellman & Friedman and TPG Capital . Fairfax shares tumbled more than 8 percent towards the market close. A Fairfax spokesman was not immediately reachable for a comment.

Hellman & Friedman declined to immediately comment. (Reporting by Tom Westbrook and Swati Pandey; Editing by Muralikumar Anantharaman)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below