PROPOSED PRIVATE PLACEMENT TO INSTITUTIONAL INVESTORS OF SENIOR SECURED NOTES
May 12, 2008
Nortek, Inc. ("Nortek") today announced plans to conduct a private offering of Senior Secured Notes due 2013 (the "Notes") which are expected to generate gross proceeds of approximately $750 million.
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NORTEK REPORTS 1ST-QUARTER RESULTS
May 9, 2008
Nortek, Inc. ("Nortek"), a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and home technology convenience and security products, today announced first-quarter financial results. Nortek reported sales of $540 million and operating earnings of $23.4 million for the quarter ended March 29, 2008.
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NTK HOLDINGS REPORTS 1ST-QUARTER RESULTS
May 9, 2008
NTK Holdings, Inc. ("NTK Holdings"), the parent company of Nortek Holdings, Inc. ("Nortek Holdings") and Nortek, Inc. ("Nortek"), a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and home technology convenience and security products, today announced first-quarter financial results. NTK Holdings reported sales of $540 million and operating earnings of $23.4 million for the quarter ended March 29, 2008.
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NORTEK REPORTS 2007 SALES AND OPERATING EARNINGS
April 15, 2008
Nortek, Inc. ("Nortek"), a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and home technology convenience and security products, today announced 2007 financial results.
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NTK HOLDINGS REPORTS 2007 SALES AND OPERATING EARNINGS
April 15, 2008
NTK Holdings, Inc. ("NTK Holdings"), the parent company of Nortek Holdings, Inc. ("Nortek Holdings") and Nortek, Inc. ("Nortek"), a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and home technology convenience and security products, today announced 2007 financial results.
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NTK HOLDINGS, INC. ANNOUNCES DELAY IN FILING OF 2007 FORM 10-K
March 31, 2008
NTK Holdings, Inc. ("NTK Holdings"), the parent company of Nortek Holdings, Inc. ("Nortek Holdings") and Nortek, Inc. ("Nortek"), a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and home technology convenience and security products, today announced that it has delayed the filing with the Securities and Exchange Commission ("SEC" ) of its report on Form 10-K for the year ended December 31, 2007.
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NORTEK, INC. ANNOUNCES DELAY IN FILING OF 2007 FORM 10-K
March 31, 2008
Nortek, Inc. ("Nortek"), a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and home technology convenience and security products, today announced that it has delayed the filing with the Securities and Exchange Commission ("SEC") of its report on Form 10-K for the year ended December 31, 2007.
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NORTEK REPORTS INCREASE IN 3rd-QUARTER REVENUES
November 12, 2007
Nortek, Inc. (“Nortek”), a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and home technology convenience and security products, today announced third-quarter financial results. Nortek reported sales of $602 million and operating earnings of $37.6 million for the quarter ended September 29, 2007.
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NTK HOLDINGS REPORTS INCREASE IN 3rd-QUARTER REVENUES
November 12, 2007
NTK Holdings, Inc. (“NTK Holdings”), the parent company of Nortek Holdings, Inc. (“Nortek Holdings”) and Nortek, Inc. (“Nortek”), a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and home technology convenience and security products, today announced third-quarter financial results. NTK Holdings reported sales of $602 million and operating earnings of $37.6 million for the quarter ended September 29, 2007.
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NTK HOLDINGS, INC. AND NORTEK, INC. TO PROVIDE AUDIO WEBCAST OF THIRD-QUARTER 2007 EARNINGS CONFERENCE CALL ON NOVEMBER 13
November 9, 2007
Nortek, Inc. ("Nortek") will provide an audio Webcast of its quarterly conference call over the Internet on Tuesday, November 13, 2007, at 9:30 a.m. Eastern Time. The Company will announce earnings for the third-quarter 2007 at approximately 4:30 p.m. on Monday, November 12, 2007. Instructions for joining the audio Webcast can be found at www.nortek-inc.com. An audio replay of the Webcast will also be available for one week at www.nortek-inc.com.
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NTK HOLDINGS REPORTS 14% INCREASE IN 2ND-QUARTER REVENUES
August 20, 2007
NTK Holdings, Inc. ("NTK Holdings"), the parent company of Nortek Holdings, Inc. ("Nortek Holdings") and Nortek, Inc. (“Nortek"), a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and home technology convenience and security products, today announced second-quarter financial results. NTK Holdings reported sales of $644 million and operating earnings of $64.7 million for the quarter ended June 30, 2007.
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NTK HOLDINGS, INC. ANNOUNCES DELAY IN FILING OF 2nd-QUARTER FORM 10-Q
August 15, 2007
NTK Holdings, Inc. (“NTK Holdings”), the parent company of Nortek Holdings, Inc. (“Nortek Holdings”) and Nortek, Inc. (“Nortek”), a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and home technology convenience and security products, today announced that it has delayed the filing with the Securities and Exchange Commission (“SEC”) of its report on Form 10-Q for the quarter ended June 30, 2007. The principal reason for the delay is the need to complete work with respect to accounting for the option exercised by NTK Holdings on May 10, 2007 to extend the maturity of its senior unsecured loan facility until March 1, 2014. NTK Holdings paid a $4.5 million financing fee in connection with this extension. NTK Holdings expects that the proper accounting associated with the existence and exercise of such option will result in the incurrence of certain non-cash charges and/or the realization of certain non-cash credits, but that such charges or credits will not affect the level of operating earnings or EBITDA of NTK Holdings for either the quarter of six-month period ended June 30, 2007. At June 30, 2007, the outstanding principal balance of the senior unsecured loan facility was approximately $226.0 million.
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NORTEK REPORTS 14% INCREASE IN 2ND-QUARTER REVENUES
August 14, 2007
Nortek, Inc. (“Nortek”), a leading diversified global manufacturer of innovative, branded residential and commercial ventilation, HVAC and home technology convenience and security products, today announced second-quarter financial results. Nortek reported sales of $644 million and operating earnings of $64.7 million for the quarter ended June 30, 2007.
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LINEAR INITIATES SUBSEQUENT OFFERING PERIOD FOR IEI SHARES
June 25, 2007
Linear LLC ("Linear"), a wholly owned subsidiary of Nortek, Inc. ("Nortek"), announced today the results of its tender offer for the outstanding common shares of International Electronics, Inc. ("IEI") (OTCBB:IEIB.OB), which expired at 12 midnight on June 22, 2007. All validly tendered shares have been accepted for payment in accordance with the terms of the tender offer. Linear also announced that a subsequent offering period for all remaining shares of IEI has been initiated.
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LINEAR ENTERS DEFINITIVE MERGER AGREEMENT WITH INTERNATIONAL ELECTRONICS AT $6.65 PER SHARE
May 15, 2007
Linear LLC ("Linear"), a wholly-owned subsidiary of Nortek, Inc. ("Nortek"), today announced that it has signed a definitive merger agreement to acquire International Electronics, Inc. ("IEI") (OTCBB: IEIB.OB). Under the terms of the agreement, which has been unanimously approved by IEI’s Board of Directors, Linear will commence a tender offer to acquire all of the outstanding shares of IEI common stock at a price of $6.65 per share in cash. The offer will commence on or before May 29, 2007, and will expire at midnight on the 20th business day following and including the commencement date, unless extended in accordance with the terms of the merger agreement and the applicable rules and regulations of the Securities and Exchange Commission (SEC). Following completion of the tender offer in which 66 2/3% of IEI’s outstanding shares (determined on a fully-diluted basis) are tendered, Linear has committed to complete a second-step merger in which all remaining shares of IEI common stock will be converted into the right to receive the same price paid per share in the tender offer.
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