Takeover

I assume some of you may know this, but no one say anything??

Takeover talks between Leighton Holdings and the China Communications Construction Company are expected to extend into next week, according to a source.
The government-backed China Communications Construction Co is poised to buy Leighton contractor John Holland for a price tipped to be more than $1 billion.
John Holland’s large rail business is thought to be one of the more lucrative parts of the contracting operation.
There had been a suggestion that a deal between the Spanish-controlled Leighton and the Morgan Stanley-advised CCCC will be concluded by the end of the week.
However, a conclusion next week is now more likely.
The Chinese suitor recently arranged a $.1.2bn loan with ANZ Bank, a Chinese financier and it’s adviser Morgan Stanley.