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Leighton Majority Shareholder To Pay $1B To Boost Stake

By Linda Chiem (March 10, 2014, 1:56 PM EDT) -- German construction giant Hochtief AG plans to launch a AU$1.16 billion ($1.04 billion) conditional takeover of Australian construction company Leighton Holdings Ltd. that would raise Hochtief's majority stake in Leighton to just under 75 percent, the companies announced Monday....

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