SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): December 30, 1998
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NORTEK, INC.
(Exact name of Registrant as specified in its charter)
DELAWARE 1-6112 05-0314991
(State or other jurisdiction (commission File Number) (I.R.S.Employer
of Incorporation) I.D. Number)
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50 Kennedy Plaza, Providence. Rhode Island 02903-2360
(Address of Principal Executive Offices) (Zip Code)
(401) 751-1600
Registrant's Telephone Number including area code
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Item 5. Other Events
On December 30, 1998, Nortek, Inc. (the "Company") completed the sale
of the businesses of two wholly owned subsidiaries, M&S Systems LP ("M&S")
and Moore-O-Matic, Inc. ("Moore-O-Matic") to a subsidiary of The Chamberlain
Group, Inc.
For the year ended December 31, 1997, the two companies had combined sales
of $40.4 million. M&S sells intercoms, built-in music and audio systems, central
vacuum systems and related products. Moore-O-Matic sells automatic garage door
openers, gate operators and electronic transmitters.
The sale of M&S is pursuant to a consent agreement entered into by the
Company and the Federal Trade Commission ("FTC") as part of the FTC's approval
of the Company's acquisition of NuTone, Inc. in July, 1998.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this Current Report on Form 8-K to be
signed on its behalf by the undersigned hereunto duly authorized.
NORTEK, INC.
By: /s/ Almon C. Hall
Name:Almon C. Hall
Title: Chief Accounting Officer
