Nortek’s offer to acquire all of Linear...
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Nortek’s offer to acquire all of Linear Corp.’s stock has been extended until after the Providence, R.I.-based company mails copies of its recently amended acquisition bid to Linear shareholders. The offer had been scheduled to expire on Dec. 8.
Nortek initially had offered $13.25 per share for Nortek’s outstanding shares. However, Nortek reduced its offer to $12.50 per share after learning that Nortek will be unable to renew a lease on a factory building in Hong Kong.
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