One Stock that moved up on ASX and one that traded flat – Fairfax Media and Perseus Mining

Two indicative, preliminary and non-binding proposals:Fairfax Media Ltd (ASX: FXJ) rallied 6.9% in trading session on May 18, 2017, after revealing about receiving a preliminary and non-binding proposal on behalf of funds affiliated with Hellman & Friedman LLC (together with affiliates, Hellman & Friedman) to acquire 100% of the shares in Fairfax with all consideration in cash at a price of $1.225-$1.250 per share. The current proposal follows the revised, indicative, preliminary and non-binding proposal from the TPG Consortium announced on May 15, 2017 to acquire 100% of the shares in Fairfax at a price of $1.20 per share. The Fairfax board has considered both the indicative proposals and has indicated to invite both Hellman & Friedman and the TPG consortium to conduct due diligence.   

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