Morgan Stanley said it plans to raise...
Morgan Stanley said it plans to raise $900 million by selling assets of Burlington Industries, which it is taking private through a $2.16-billion buyout. The New York investment firm did not specify which of the nation’s largest textile manufacturer’s businesses are for sale. Proceeds will be used to pay debt from the leveraged buyout. Shareholders of Greensboro, N.C.-based Burlington Industries will vote on the transaction Sept. 3.
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