Following the recent receipt of separate indicative and non-binding proposals from both the TPG Consortium and Hellman & Friedman, the FXJ’s Board determined that it was in the best interests of shareholders to grant both parties access to confidential due diligence to explore whether a whole of company proposal, at a price and on terms that the Board would recommend.However, there was no certainty that either indicative proposal would result in such an offer and following the conclusion of this process and Fairfax did not receive a binding offer from either the TPG Consortium or Hellman & Friedman. Accordingly, the Fairfax Board has ceased discussions with both parties.
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