DataRoom AM: Leighton's super sale

The $1 bn-plus auction race for Leighton subsidiary John Holland remains fierce, while talk of a Glencore-Rio Tinto merger is building.

It’s been a brutal week for Leighton Holdings, but through the gloom there is a glimmer of light as two big contract wins for subsidiary John Holland aid with its $1 billion-plus auction.

Elsewhere, optimistic talk of a merger play between Glencore and Rio Tinto captures attention, Mark Carnegie’s Lonsec Fiscal Group weighs takeover interest and Wesfarmers rejects demerger suggestions.

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