Weil is advising Nortek Inc., a global diversified industrial company with leading brands and innovative air management and technology-driven solutions for residential and commercial applications, in its definitive merger agreement with Melrose Industries PLC, a U.K.-based investment company, and Nevada Corp., a wholly owned subsidiary of Melrose, in which Melrose will acquire Nortek for $86.00 per share in cash with an estimated total enterprise value of approximately $2.8 billion. The transaction is structured as an all-cash tender offer by Nevada Corp. for 100% of Nortek's common stock, following which Nevada Corp. will merge with and into Nortek, resulting in Nortek becoming a wholly owned subsidiary of Melrose. The transaction is expected to close by August 31, 2016 and is subject to customary closing conditions.

The team advising Nortek is led by co-chair of the Transactions practice Frederick Green and includes Corporate partner Michael Francies; Banking & Finance partner Chris McLaughlin; Antitrust partner Jeff White; Technology & IP Transactions partner Charan Sandhu; Tax partner Marc Silberberg; Executive Compensation & Benefits head Paul Wessel; Public Company Advisory partner Lyuba Goltser; Securities Litigation partner Greg Danilow; Corporate senior consultant Ian Hamilton; Corporate associates Eoghan Keenan, Aileen Kim, Sean Devaney and Sean Fitzpatrick; Antitrust associate Alexis Brown-Reilly; Technology & IP Transactions associate Cheri Bessellieu; Tax associate Mark Dundon; Executive Compensation & Benefits associates Paula Han and August Huelle; and Environmental counsel Matthew Morton.