Fairfax denies it is seeking offers for Macquarie Media
Fairfax Media has denied speculation it is seeking offers to realise its investment in Macquarie Media, despite an offer for a full takeover by a consortium of investors led by John Singleton and Mark Carnegie.
In a statement made to the ASX this morning, Fairfax acknowledged it had received a letter from the Singleton Consortium about taking control of Fairfax’s 54.5% shareholding in Macquarie Media, however denied it was seeking offers or undertaking a process to sell the shares.
The only media speculation there is, is the speculation Singleton himself has created through his old mates at the paper.
“We need access to the data room” says Singo.
Not sure why you would need the data room to simply buy the remaining shares of a company you are already running [edited under Mumbrella’s comment moderation policy].