Seeking Alpha

Nortek Inc. (NTK)

  • Thu, Aug. 20, 12:45 PM
    | Thu, Aug. 20, 12:45 PM | Comment!
  • Thu, Aug. 20, 12:21 PM
    • The WSJ reports United Technologies (UTX -1.6%) is in talks to buy HVAC/air quality/security system maker Nortek (NASDAQ:NTK).
    • Nortek spiked higher on the report before getting halted.
    • Update (12:23PM ET): Nortek has resumed trading, and is now up 17.6%.
    • Update 2 (12:35PM ET): The full story is up. No potential deal price is given.
    | Thu, Aug. 20, 12:21 PM | 3 Comments
  • Mar. 21, 2014, 10:07 AM
    • Nortek Inc. (NTK +4.4%) agrees to buy the HVAC business of Thomas & Betts for about $260M in cash. The deal is expected to close in Q2.
    • Nortek CEO Mike Clarke: "Acquiring this business will enable us to extend our air management business into attractive adjacent segments of the HVAC market in the United States and Europe."
    • Press release
    | Mar. 21, 2014, 10:07 AM | Comment!
  • Jan. 18, 2012, 12:50 PM
    It's only January 18, but is it possible the 2012 housing rebound play is already getting a bit crowded? The XHB +10.9%, TOL +14.3%, LEN +16.3%, HD +6.3% YTD. Even bigger winners are building materials firms, USG +42.5%, PATK +50% YTD. Arguing for an even bigger run is most of these stocks are higher off of very low bases.
    | Jan. 18, 2012, 12:50 PM | Comment!
NTK vs. ETF Alternatives
Company Description
Nortek Inc offers technology-driven products and solutions for lifestyle improvement at home and at work. Through its segments it manufactures and sells in the United States, Canada, and Europe.