Fairfax, Virginia

TPG Ups Bid For Australia’s Fairfax Media

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A consortium led by private equity giant TPG Capital upped its offer for troubled Fairfax Media Monday and now wants to buy out the entire firm. Last week TPG and the Ontario Teachers’ Pension Plan Board offered 95 Australian cents per share for Fairfax’s leading mastheads and its lucrative Domain Group focused on property advertising. … Read more

Fairfax Financial To Buy Allied World For $4.9 Billion In Cash and Stock

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Toronto-based insurance group Fairfax Financial Holdings Ltd (FFH. TO) has agreed to buy Swiss insurer Allied World Assurance Company Holdings AG (AWH.N) for $4.9 billion in cash and stock, the companies said on Sunday. Fairfax will pay owners of Allied World $54 per share – $10 in cash and $44 in Fairfax stock. The offer … Read more