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Stock Market & Financial Investment News

News Breaks
March 21, 2014
08:03 EDTABB, NTKNortek 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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May 21, 2015
16:37 EDTNTKNortek CFO Almon Hall to retire at year-end 2015
Nortek announced that Senior Vice President and CFO Almon Hall intends to retire from the company at the end of this year. Nortek will conduct a formal search for a successor and will consider internal and external candidates for the position.
May 19, 2015
08:10 EDTABBHouse Energy & Commerce Committee to hold a hearing
The Energy & Power Subcommittee holds a hearing entitled, "Discussion Draft Addressing Energy Reliability and Security" with Director Bardee of FERC, President & CEO Fanning of Southern Company, Executive Vice President Dominguez of Exelon Corp., and Vice President Heitman of ABB, Inc. on May 19 at 10 am. Webcast Link
07:18 EDTABBElectric Products Group to hold a conference
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