DataRoom AM: Leighton’s Apollo surprise

Leighton strikes a joint venture with private equity giant Apollo, while Boral may be readying to offload its Australian building products division.

Speculation of an imminent deal between Leighton and Apollo Global Management on the former’s services division has proved on the money, but the details of the $700 million deal may come as a surprise.

Elsewhere, private equity weighs a play for a suite of Boral assets, Telstra mulls a major Asian acquisition, and a Recall takeover appears increasingly unlikely in the near term.

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