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Does UTC Plan to Acquire Nortek?

2015-08-21 19:31:45| Paper - Topix.net

Rumor has it that United Technologies Corp., which owns security and home automation leader Interlogix, might be acquiring Nortek, which owns 2Gig and Core Brands. Nortek shares are up 25% Thursday on reports that the manufacturer of HVAC, audio, video, security and home automation products could be acquired by United Technologies Corp. , a conglomerate that owns the security and smart-home subsidiary Interlogix.

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