Ann: NZM: Fairfax NZ merger process and NZME results date, page-19

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TriOptimum

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25/03/17

13:43

Post #: 23621835
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Originally posted by TriOptimum ↑

Few days old now, but a Street Talk story in the Fin on 21.03.17 says that TPG Capital "couldn't make the numbers stack up" when they considered making a move on Fairfax in 2016. But now the the Domain spin-off has been announced they are supposedly interested in "taking at least a controlling stake in the entire Domain business".

http://www.copyright link/street-talk/fairfaxs-domain-the-main-game-for-tpg-capital-20170319-gv1sa2 (paywall)

I don't know how they intend to do that if FXJ plans to keep a 60-70% stake in Domain after listing. Any thoughts?

Anyway, the story also notes thee risk of a de-rate in FXJ after a Domain float. I am weighing up whether it would be worthwhile to hang on for a very small stake in Domain, or sell now to take a small profit in my larger stake in FXJ, and avoid potentially a sizeable loss in the case of a big de-rate.

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Sorry, no paywall - article looks like it's free.

More recent rumours about private equity buyers for other parts of the FXJ business (one firm, Platinum, even supposedly interested in buying the metro media assets - really?) but keep in mind the article is published by a rival that loves to sink the boot in to FXJ:

http://www.theaustralian.com.au/tpg...s/news-story/81f2e3178607efa6398409d2c73eb6ed

Last edited by TriOptimum: added name of Platinum as firm interested in Metro MEdia 25/03/17

FXJ Price at posting: $1.02 Sentiment: Hold Disclosure: Held
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Ann: NZM: Fairfax NZ merger process and NZME results date, page-19

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