Melrose subsequently completed the acquisition of the remaining eligible Nortek shares not acquired in the tender offer through a merger pursuant to Section 251(h) of the General Corporation Law of the State of Delaware. As a result, Nortek shares will no longer be traded on the NASDAQ, and Nortek is now a wholly owned indirect subsidiary of Melrose.

As of the expiration of the tender offer, 14,860,844 shares were validly tendered and not withdrawn in the tender offer, representing approximately 93 percent of Nortek's outstanding shares, according to the depositary for the tender offer. Notices of Guaranteed Delivery were delivered with respect to 188,012 additional shares, representing approximately 1 percent of Nortek's shares, according to the depositary. Melrose has accepted for payment and will promptly pay for all validly tendered and not withdrawn shares.

All eligible Nortek shares that were not validly tendered have been converted into the right to receive $86.00 per share net, in cash and without interest -- the same price paid in the tender offer.