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Leighton rights offer priced at A$35.35-lead

Wed Aug 13, 2008 10:45pm EDT

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MELBOURNE, Aug 14 (Reuters) - Leighton Holdings Ltd (LEI.AX), Australia's top engineering contractor, is pricing shares in its entitlement offer at A$35.35, said an executive at Macquarie Capital, the lead manager, a 16.5 percent discount to its last traded price.

"Leighton is one of the few stocks in the market that's got a strong outlook and has been well supported," the Macquarie executive, who declined to be named, said.

Leighton shares, which last traded at A$42.36, were on a trading halt for the entitlment offer. ($1=A$1.14) (Reporting by Sonali Paul)



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