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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Leighton Fpo | ASX:LEI | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From Jun 2019 to Jun 2024
By Ross Kelly
SYDNEY--Germany's Hochtief AG (HOT.XE) moved to tighten its grip on Leighton Holdings Ltd. (LEI.AU) on Monday, saying it will offer 1.16 billion Australian dollars (US$1.05 billion) to increase its controlling stake in Australia's biggest construction company.
Hochtief, which is controlled by Spanish builder Actividades de Construccion y Servicios SA, said it will offer A$22.15 for three out of every eight shares currently held by other Leighton shareholders. The bid represents a premium of 6.9% to Leighton's closing price of A$20.72 on Friday. It would raise Hochtief's interest in the company to 74.23% from 58.77%.
Write to Ross Kelly at ross.kelly@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Leighton Holdings Chart |
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