The Online Investor
Electronics Stores M&A image Electronics Stores M&A » By The Online Investor Staff, updated Wed., Aug. 4, 3:00 PM Recent mergers and acquisitions in the Electronics Stores M&A category.

Slide #3. Nortek Thomas & Betts' HVAC Business

Acquirer: Nortek (NTK)
Acquiree: Thomas & Betts' HVAC Business
Details: Nortek, Inc. (Nasdaq: NTK), a global diversified manufacturer of innovative, air management and technology-driven products and solutions for residential and commercial applications, today announced it has signed a definitive agreement to acquire the heating, ventilation and air conditioning (HVAC) business of Thomas & Betts Corporation, which is a wholly owned subsidiary of ABBLtd (VTX: ABBN), a global power and automation company. Wells Fargo Securities, LLC served as exclusive financial advisor to Nortek.

Nortek manufactures and sells, primarily in the U.S., Canada and Europe, with additional manufacturing in China and Mexico, a range of products for the remodeling and replacement markets, the residential and commercial new construction markets, and the personal and enterprise computer markets. Co.'s reporting segments are as follows: the Air Quality and Home Solutions (AQH) segment; the Security and Control Solutions (SCS) segment; the Ergonomic and Productivity Solutions (ERG) segment; the Residential and Commercial HVAC (RCH) segment; and the Custom and Commercial Air Solutions (CAS) segment.

Open the NTK Page at The Online Investor »

Company Name: 
Nortek Inc
Website: 
www.nortekinc.com
Sector: 
Electronics Stores
 

Open the NTK Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



Strong Buy (4.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Electronics Stores M&A - Slide 3 of 9 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.