Melrose To Sell Nortek Air Management Business For $3.625 Bln In Cash

(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...