If you read my report on the sale of Nortek Air Management on Monday, you know that Melrose sold off the division in a deal valued at approximately $3.6 billion. But in my discussion of the deal, I expressed some skepticism about the metrics the company was using to tell investors what a great deal it was. I don’t claim to be some time of financial expert, but something smelled fishy to me.
Now we know what investors think of that deal…and it isn’t good for Melrose.
