Advertisement
UK markets open in 5 hours 56 minutes
  • NIKKEI 225

    38,003.54
    -456.54 (-1.19%)
     
  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     
  • CRUDE OIL

    82.77
    -0.04 (-0.05%)
     
  • GOLD FUTURES

    2,330.10
    -8.30 (-0.35%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • Bitcoin GBP

    51,800.90
    -1,789.96 (-3.34%)
     
  • CMC Crypto 200

    1,395.74
    -28.36 (-1.99%)
     
  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     
  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     

BUZZ-Melrose: nears record on lack of contenders for Nortek takeover

** Engineering turnaround specialist Melrose (LSE: 136541.L - news) jumps 13.5%, by far & away top riser on FTSE Small Cap index

** Co says its offer for US ventilation and home security products maker Nortek (NasdaqGS: NTK - news) not bettered as of Aug. 6; says all anti-trust conditions satisfied

** Co says shareholder resolutions regarding Nortek deal and 1.66 bln stg rights issue passed "almost unanimously"; expects deal to close on Aug 31

** Biggest one-day rise for stock since July 6, day co offered to buy Nortek ; just 7% below all-time (intraday) high set on July 19

** Deal will give co access to Nortek's large exposure to the North American ventilation and home security products market

** More than 40 pct of 30-day average volume gone through

** Up to Friday's close, stock more than doubled YTD v 3.5 pct increase on FTSE Small Cap Index