source of the rumour is John Durie in the australian
https://t.co/ZPWgnnXkEL
"
The $3 billion bidding war for Fairfax Media could now be over, as it appears unlikely that Hellman & Friedman will lodge an expression of interest by this afternoon’s deadline.
There is still time to run but, at this stage, it seems TPG is the only player left standing and it is unlikely to match its indicative offer of $1.20 a share."
Ann: Indicative Proposal from TPG Consortium, page-28
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