MELBOURNE, Nov 8 (Reuters) - Australia's Takeovers Panel refused on Monday to intervene to guarantee the independence of Australian builder Leighton Holdings in the event that Spain's ACS buys its parent, Hochtief AG.
Leighton had asked the panel to limit Spanish construction firm ACS's voting rights in the Australian company or else force ACS to buy out Leighton's minority investors.
(Reporting by Sonali Paul; Editing by Mark Bendeich)
((sonali.paul@thomsonreuters.com; +61 3 9286 1419; Reuters Messaging: sonali.paul.reuters.com@reuters.net)) Keywords: LEIGHTON ACS/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Leighton had asked the panel to limit Spanish construction firm ACS's voting rights in the Australian company or else force ACS to buy out Leighton's minority investors.
(Reporting by Sonali Paul; Editing by Mark Bendeich)
((sonali.paul@thomsonreuters.com; +61 3 9286 1419; Reuters Messaging: sonali.paul.reuters.com@reuters.net)) Keywords: LEIGHTON ACS/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.