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Nortek Calls Off Discussions with United Technologies

October 9, 2015 by Ted Leave a Comment

Nortek LogoNortek, Inc. announced late Thursday that it has called off talks with an unnamed party who had tendered an unsolicited offer. According to the Wall Street Journal and as we had previously reported, that suitor was United Technologies. Nortek stock closed Friday at $63.97/share or off 3.8%,  on a day when the Dow was up .2%.

See more on this announcement from Nortek… [Read more…] about Nortek Calls Off Discussions with United Technologies

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Core Brands, Elan, Inc., Michael J. Clarke, Niles, Nortek, Panamax, SpeakerCraft, United Technologies, Xantech

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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