May 18 (Reuters) - Fairfax Media Ltd (FXJ) :
- 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
