FXJ 0.00% 66.0¢ fairfax media limited

SYDNEY, June 30 (Reuters) - San Francisco-based private equity...

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    SYDNEY, June 30 (Reuters) - San Francisco-based private equity firm Hellman & Friedman did not lodge a bid for Australia's Fairfax Media (FXJ) before a Friday deadline, a source with direct knowledge of the matter told Reuters.

    Fairfax, Australia's oldest newspaper publisher, is subject to a bidding war between Hellman & Friedman and TPG Capital

    . Fairfax shares tumbled more than 8 percent towards the market close. A Fairfax spokesman was not immediately reachable for a comment.

    Hellman & Friedman declined to immediately comment.

 
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