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Stock Market & Financial Investment News

News Breaks
March 21, 2014
08:03 EDTNTK, ABBNortek to acquire HVAC business of Thomas & Betts for $260M
Nortek (NTK) announced it has signed a definitive agreement to acquire the heating, ventilation and air conditioning business of Thomas & Betts Corporation, which is a wholly owned subsidiary of ABB (ABB). Under the terms of the agreement, Nortek will pay approximately $260M for Thomas & Betts' HVAC Business in an all-cash transaction. Net sales of T&B HVAC were approximately $160M in 2013. The transaction is expected to close during the second quarter of 2014, subject to customary closing conditions including approval pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
News For NTK;ABB From The Last 14 Days
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March 25, 2015
06:14 EDTABBSamsung SDI and ABB form strategic microgrid commercial alliance
Samsung SDI (SSNLF) and ABB (ABB) have signed a memorandum of understanding to establish a strategic commercial alliance. Samsung SDI and ABB join forces to develop and market microgrid systems that comprise energy storage solutions. The two companies will establish a global commercial alliance to develop and market modular and scalable microgrid solutions, utilizing lithium-ion batteries for energy storage.
March 23, 2015
08:01 EDTABBBofA/Merrill industrials/EU autos analysts hold analyst/industry conference call
Analysts provide a discussion of the key takeaways from the recently held Global Industrials & European Autos Conference on an Analyst/Industry conference call. to be held on March 23 at 10 am.

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