Melrose To Sell Nortek Air Management Business For $3.625 Bln In Cash
RTTNews, 19 April 2021
(RTTNews) – Melrose Industries Plc. (MRO.L) announced Monday that it has entered into an agreement to sell its Nortek Air Management business to Chicago-based Madison Industries for about 2.62 billion pounds or $3.625 billion, in cash.
The consideration for the disposal is based on an enterprise value of approximately $3.625 billion. The consideration is payable on completion, subject to certain adjustments. Completion is conditional upon, amongst other things, customary antitrust approvals and the approval of the Shareholders at a General Meeting of Melrose Shareholders. Continue reading “Article: Melrose To Sell Nortek Air Management Business For $3.625 Bln In Cash”
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