Buyer offers $120m for Fairfax NZ
Details emerge after chief executive tells of “end game” if merger does not proceed.
A potential offer of $100-120 million has been placed on the table for Fairfax New Zealand if its proposed merger with NZME falls through.
NBR understands that the proposal was made on November 28 in a letter to Fairfax general counsel Gail Hambly from a representative of the buyer.
The
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Tim Hunter
Thu, 08 Dec 2016
Thu, 08 Dec 2016
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Buyer offers $120m for Fairfax NZ
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