Seeking Alpha

WSJ: Carlyle nears deal to buy Tyco Korean unit for $1.5B

  • Carlyle (CG) is close to an agreement to acquire Tyco's (TYC) South Korean home-security unit for $1.5B, the WSJ reports, adding that a deal could be announced this week.
  • The unit, called Cap, has the potential to grow, as home-security penetration is relatively low in South Korea, while the commercial market also presents opportunities.
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