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.
