ABC Learning: still in talks with Morgan Stanley

Mon Mar 24, 2008 10:17pm GMT
 
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SYDNEY, March 25 (Reuters) - Australia's ABC Learning Centres Ltd (ABS.AX: Quote, Profile, Research), whose shares were sold off on high debt concerns, said on Tuesday it was still in talks to sell part of its stake in U.S. centres to the private equity arm of Morgan Stanley (MS.N: Quote, Profile, Research).

ABC said the exclusivity period with Morgan Stanley will end on Tuesday. ($1=A$1.10) (Reporting by Denny Thomas;)

 

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