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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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July 1, 2015
06:22 EDTNTKNortek discloses terms of Numera acquisition
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June 30, 2015
16:08 EDTNTKNortek acquires health and wellness tech businesses from Numera
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June 24, 2015
07:37 EDTABBABB to face ‘hard weather sailing’ due to Q2 slowdown, Reuters says
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