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EquityEquity - Follow-ons and Rights issues

Melrose jumps 16% as Nortek acquisition moves towards completion

Melrose

The share price of Melrose, the UK industrial buyouts specialist, leapt as much as 16% on Monday after the company said the window shop period of its acquisition of Nortek had expired, allowing the deal and Melrose’s jumbo £1.6bn rights issue to proceed.

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