Melrose Industries (MLSPF) 4.2500 $MLSPF
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces an Investigation of The Board of Directors of Nortek, Inc.
BusinessWire - Fri Jul 15, 6:15PM CDT
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Nortek, Inc. ("Nortek" or "the Company"
(Nasdaq: NTK) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Melrose Industries PLC ("Melrose".
NTK: 86.78 (+0.28)
INVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Whether the Sale of Nortek, Inc. to Melrose Industries PLC for $86 Per Share is Fair to Shareholders
BusinessWire - Thu Jul 14, 11:44AM CDT
The following statement is being issued by Levi & Korsinsky, LLP:
NTK: 86.78 (+0.28)
SHAREHOLDER UPDATE: Brodsky & Smith, LLC Announces an Investigation of The Board of Directors of Nortek, Inc. -NTK
PR Newswire - Tue Jul 12, 5:24PM CDT
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Nortek, Inc. ("Nortek" or "the Company" (Nasdaq- NTK-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Melrose Industries PLC ("Melrose".
NTK: 86.78 (+0.28)
Honeywell Expects Acquisition Of Elster To Close In 2015
PR Newswire - Tue Dec 22, 5:30AM CST
Honeywell (NYSE: HON) today announced that all necessary regulatory approvals have been received for its acquisition of the Elster Division of Melrose Industries plc and it now anticipates to close the transaction on December 29, 2015. Elster is a leading provider of thermal gas solutions for commercial, industrial, and residential heating systems and gas, water, and electricity meters, including smart meters and software and data analytics solutions. The acquisition, which Honeywell announced on July 28, 2015, closed earlier than anticipated following approval by Melrose shareholders and required regulatory approvals, including those in the U.S., European Union, and China.
HON: 116.37 (+0.42)
Fitch: Honeywell's Acquisition of Elster an Efficient Use of Cash
BusinessWire - Tue Jul 28, 2:00PM CDT
Fitch Ratings view of Honeywell International Inc.'s (HON) credit profile is unchanged by the company's planned $5.1 billion acquisition of the Elster division of Melrose Industries plc. Fitch estimates the transaction will have a limited impact on the company's leverage including debt/EBITDA which could increase to approximately 1.5x on a pro forma basis compared to 1.3x at June 30, 2015.
HON: 116.37 (+0.42)
Honeywell To Acquire Elster, A Global Leader In Gas Heating, Controls, Metering, And Advanced Technologies
PR Newswire - Tue Jul 28, 1:04AM CDT
Honeywell (NYSE: HON) today announced that it has signed a definitive agreement to acquire the Elster Division of Melrose Industries plc, a leading provider of thermal gas solutions for commercial, industrial, and residential heating systems and gas, water, and electricity meters, including smart meters and software and data analytics solutions, for approximately $5.1 billion. Elster also manufactures flow computers and regulators for the gas industry. Elster consensus sales for 2015 are estimated to be $1.8 billion. The price translates to approximately 12.6 times Elster's estimated 2015 consensus earnings before interest, taxes, depreciation, and amortization (EBITDA), and the acquisition is anticipated to occur in the first quarter of 2016. The agreement is subject to customary closing conditions, including regulatory review and Melrose shareowner vote.
HON: 116.37 (+0.42)
Hot Wires: Mechanical Cable Procurement Category Market Research Report from IBISWorld has Been Updated
PRWeb - Fri Mar 27, 2:01AM CDT
The mechanical cable market has a buyer power score of 3.3 out of 5, indicating that buyers have a slight advantage over suppliers when negotiating supply agreements. Buyers primarily benefit from the favorable pricing environment in the market. Despite strong postrecession demand from construction and industrial industries, falling input costs and increasing import competition have brought mechanical cable prices down over the past three years. For instance, "recent declines in steel prices have enabled suppliers to lower their production costs and bolster profit margins while also keeping prices low," says IBISWorld research analyst Sean Windle. Furthermore, rising import competition has spurred additional price competition in the market because US companies must compete with suppliers in China and other low-cost producing countries that can offer comparable goods at a fraction of the cost. Current major vendors include ArcelorMittal, Melrose Industries and WireCo WorldGroup.
Ontario Teachers' Pension Plan agrees to acquire Bridon Limited
PR Newswire - Mon Oct 13, 9:57AM CDT
The Ontario Teachers' Pension Plan (Teachers' today announced an agreement to acquire Bridon Limited (Bridon), a global leader in the manufacture of wire rope, from Melrose Industries PLC.
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces an Investigation of The Board of Directors of Nortek, Inc.
BusinessWire - Fri Jul 15, 6:15PM CDT
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Nortek, Inc. ("Nortek" or "the Company"
(Nasdaq: NTK) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Melrose Industries PLC ("Melrose". NTK: 86.78 (+0.28)
INVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Whether the Sale of Nortek, Inc. to Melrose Industries PLC for $86 Per Share is Fair to Shareholders
BusinessWire - Thu Jul 14, 11:44AM CDT
The following statement is being issued by Levi & Korsinsky, LLP:
NTK: 86.78 (+0.28)
SHAREHOLDER UPDATE: Brodsky & Smith, LLC Announces an Investigation of The Board of Directors of Nortek, Inc. -NTK
PR Newswire - Tue Jul 12, 5:24PM CDT
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Nortek, Inc. ("Nortek" or "the Company"
(Nasdaq- NTK-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Melrose Industries PLC ("Melrose". NTK: 86.78 (+0.28)
Honeywell Expects Acquisition Of Elster To Close In 2015
PR Newswire - Tue Dec 22, 5:30AM CST
Honeywell (NYSE: HON) today announced that all necessary regulatory approvals have been received for its acquisition of the Elster Division of Melrose Industries plc and it now anticipates to close the transaction on December 29, 2015. Elster is a leading provider of thermal gas solutions for commercial, industrial, and residential heating systems and gas, water, and electricity meters, including smart meters and software and data analytics solutions. The acquisition, which Honeywell announced on July 28, 2015, closed earlier than anticipated following approval by Melrose shareholders and required regulatory approvals, including those in the U.S., European Union, and China.
HON: 116.37 (+0.42)
Fitch: Honeywell's Acquisition of Elster an Efficient Use of Cash
BusinessWire - Tue Jul 28, 2:00PM CDT
Fitch Ratings view of Honeywell International Inc.'s (HON) credit profile is unchanged by the company's planned $5.1 billion acquisition of the Elster division of Melrose Industries plc. Fitch estimates the transaction will have a limited impact on the company's leverage including debt/EBITDA which could increase to approximately 1.5x on a pro forma basis compared to 1.3x at June 30, 2015.
HON: 116.37 (+0.42)
Honeywell To Acquire Elster, A Global Leader In Gas Heating, Controls, Metering, And Advanced Technologies
PR Newswire - Tue Jul 28, 1:04AM CDT
Honeywell (NYSE: HON) today announced that it has signed a definitive agreement to acquire the Elster Division of Melrose Industries plc, a leading provider of thermal gas solutions for commercial, industrial, and residential heating systems and gas, water, and electricity meters, including smart meters and software and data analytics solutions, for approximately $5.1 billion. Elster also manufactures flow computers and regulators for the gas industry. Elster consensus sales for 2015 are estimated to be $1.8 billion. The price translates to approximately 12.6 times Elster's estimated 2015 consensus earnings before interest, taxes, depreciation, and amortization (EBITDA), and the acquisition is anticipated to occur in the first quarter of 2016. The agreement is subject to customary closing conditions, including regulatory review and Melrose shareowner vote.
HON: 116.37 (+0.42)
Hot Wires: Mechanical Cable Procurement Category Market Research Report from IBISWorld has Been Updated
PRWeb - Fri Mar 27, 2:01AM CDT
The mechanical cable market has a buyer power score of 3.3 out of 5, indicating that buyers have a slight advantage over suppliers when negotiating supply agreements. Buyers primarily benefit from the favorable pricing environment in the market. Despite strong postrecession demand from construction and industrial industries, falling input costs and increasing import competition have brought mechanical cable prices down over the past three years. For instance, "recent declines in steel prices have enabled suppliers to lower their production costs and bolster profit margins while also keeping prices low," says IBISWorld research analyst Sean Windle. Furthermore, rising import competition has spurred additional price competition in the market because US companies must compete with suppliers in China and other low-cost producing countries that can offer comparable goods at a fraction of the cost. Current major vendors include ArcelorMittal, Melrose Industries and WireCo WorldGroup.
Ontario Teachers' Pension Plan agrees to acquire Bridon Limited
PR Newswire - Mon Oct 13, 9:57AM CDT
The Ontario Teachers' Pension Plan (Teachers'
today announced an agreement to acquire Bridon Limited (Bridon), a global leader in the manufacture of wire rope, from Melrose Industries PLC. 
