Normal
"Leighton today announced a 1 for 14 Accelerated Pro-rata Entitlement Offer ("Entitlement Offer") of approximately 19.9million new shares ("New Shares") to raise approximately $700 million before expenses."It also says the proceeds from the entitlement offer will be used to invest in plant and equipment... and that the board has decided the net proceeds will also be used to redeem 100% of the Leighton notes for cash on the reset date of 1 December, 2008.Whatever that means.I'm long on LEI, just thought i'd slip on in before the FY results. Damn sneaky of them to release this with the results.
"Leighton today announced a 1 for 14 Accelerated Pro-rata Entitlement Offer ("Entitlement Offer") of approximately 19.9
million new shares ("New Shares") to raise approximately $700 million before expenses."
It also says the proceeds from the entitlement offer will be used to invest in plant and equipment... and that the board has decided the net proceeds will also be used to redeem 100% of the Leighton notes for cash on the reset date of 1 December, 2008.
Whatever that means.
I'm long on LEI, just thought i'd slip on in before the FY results. Damn sneaky of them to release this with the results.
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