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Tyco International Ltd Looking To Sell Korea Unit-Reuters


Tuesday, 12 Nov 2013 05:37am EST 

Reuters reported that according to the Wall Street Journal reported Tyco International Ltd has approached private equity firms offering to sell its Korean security unit Caps Co. Morgan Stanley, Tyco's adviser for the potential deal, approached Seoul-based private equity firms MBK Partners, Carlyle Group and CVC Capital Partners. MBK has hired Goldman Sachs as its adviser, while neither Carlyle nor CVC are known to have sought advisers, the WSJ reported. The newspaper said the value of the deal was not known and it was not clear why Tyco wants to sell the unit. Tyco could not be reached for comment by Reuters outside of U.S. business hours. 

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