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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.

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Company Name: 
Nortek Inc
Electronics Stores

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Strong Buy (4.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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Electronics Stores M&A - Slide 3 of 9 Page |

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