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Majority stake Announced Jul 2016

Nortek to be acquired by Melrose Industries for ~$2.8 billion

Relationship map

Relationship map for Nortek to be acquired by Melrose Industries for ~$2.8 billionparent ofMelrose Industries plc: Operating CompanyMIMelrose Industries plcNevada Corp.: Operating CompanyNCNevada Corp.
Operating Company

Parties
Acquirer
Melrose Industries plc
Operating Company
Target
Nevada Corp.
Operating Company

Market signals
Deal value$2.8B reported total consideration as reported by achrnews.com

Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.

Summary

Nortek Inc., a diversified HVAC/ventilation products company, signed a merger agreement to be acquired by UK-listed Melrose Industries PLC for $86 per share in cash, an estimated total enterprise value of approximately $2.8 billion.