Daily News: October 7, 2013

Reuters: Morgan Stanley Handles Deal for LTS Lohmann Sale

Reuters sources reported that Morgan Stanley is handling a deal involving a group of banks providing about 700 million euros ($954 million) of debt financing to back a sale of German medical patch manufacturer LTS Lohmann.

Reuters said that LTS, in which Novartis, with worldwide locations — including six U.S. divisions — owns a 43 percent stake, was put up for sale in July and is expected to garner more than 1 billion euros.

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