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Livewire Exclusive: Is Fairfax Media a Buy?

Livewire readers will undoubtedly be aware that Fairfax Media is now firmly in play. The revised, indicative proposal by the TPG consortium whereby they would acquire all outstanding shares in FXJ at a price of $1.20 cash per share was the biggest financial markets news story of the day (including in the Fairfax owned newspapers). In response to the news, Fairfax closed $0.07 higher on the day, at $1.14. An increase of 6.54%.

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