BRIEF-Hochtief AG intends to make $22.15 cash per share proportional offer for Leighton

Mon, 10 Mar - 9:33am

March 10 (Reuters) - Hochtief AG HOTG.DE :

* Intention to make a proportional bid

* Intention to make a proportional offer to acquire 3 out of every 8 shares

held by Leighton shareholders for $22.15 cash per share

* If all Leighton shareholders accept offer, co will increase stake in Leighton

from 58.77 percent to maximum of 74.23 percent for total consideration of

about $1.16 billion

* Source text for Eikon News Search ID:nASXbN6mM

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URN: 
urn:newsml:reuters.com:20140309:nWNBS00CYJ:6
Topics: 
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