DataRoom AM: Leighton hangs tough

Leighton refuses to give up hope on a deal for its properties division, while a fall in copper prices lowers expectations Glencore will launch a fresh bid for Rio Tinto.

Leighton may have lost the two favoured suitors for its properties division, but the engineering and construction group has not given up on a deal just yet. Elsewhere, a mega-merger between Rio Tinto and Glencore may soon be dropped in the too-hard basket, Whitehaven Coal hunts a major debt refinancing deal and a $1 billion insurer is added to the IPO pipeline.

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