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United States

Melrose Industries PLC (MRON.L)

MRON.L on London Stock Exchange

235.50GBp
23 Jan 2018
Change (% chg)

5.70 (+2.48%)
Prev Close
229.80
Open
236.60
Day's High
236.60
Day's Low
229.20
Volume
13,921,168
Avg. Vol
8,591,396
52-wk High
261.95
52-wk Low
194.61

Latest Key Developments (Source: Significant Developments)

Melrose receives final regulatory approval for Nortek offer
Friday, 15 Jul 2016 02:09am EDT 

Melrose Industries Plc : Final regulatory approvals received for melrose's tender offer for nortek .All anti-trust conditions in relation to tender offer have been satisfied..  Full Article

Nortek says upon termination of merger, co required to pay Melrose about $50 mln
Wednesday, 6 Jul 2016 04:15pm EDT 

Nortek :Upon termination of merger agreement,under specified circumstances,co required to pay melrose termination fee of about $50 million - sec filing.  Full Article

Melrose Industries says to buy Nortek Inc for $1.44 bln
Wednesday, 6 Jul 2016 02:00am EDT 

Melrose Industries Plc : Proposed recommended acquisition of Nortek Inc . Proposed recommended acquisition of Nortek Inc and fully underwritten 1.66 bln stg rights issue . Acquisition will be implemented principally by way of a cash tender offer to Nortek shareholders by Mergerco, a wholly owned subsidiary of Melrose, followed by a merger of Mergerco with and into Nortek . Offer price of $86 per Nortek share, net, in cash and without interest, values entire issued share capital of Nortek at $1.44 bln with an enterprise value of $2.81 bln . Proposed recommended acquisition of Nortek Inc .Offer price of $86 per Nortek share, net, in cash and without interest, values entire issued share capital of Nortek at $1.44 bln.  Full Article

Melrose says trading in line with expectations
Wednesday, 11 May 2016 02:21am EDT 

Melrose Industries Plc : Current trading in Melrose in 2016 is in line with expectations .Board continues to seek an acquisition which will create value for shareholders and it remains confident of finding right opportunity in due course.  Full Article