UK's Melrose to sell Nortek Air Management unit for about $3.63 billion

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By Martin in Business
Updated 3 years ago

(Reuters) - Melrose Industries said on Monday it has agreed to sell its Nortek Air Management business for about 2.62 billion pounds ($3.63 billion) to Chicago-based Madison Industries, and will distribute a portion of the proceeds to shareholders. The British engineering business owner said it plans to use a part...

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