, Columnist
One Deal Won't Lift the Brexit Gloom
Melrose's deal may only be the exception that proves the rule
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Put that Brexit gloom aside for just a moment. Here's one British company that's raising funds in pounds on the stock market to buy a U.S. business.
Melrose, a British turnaround specialist and M&A junkie, agreed on Monday to buy Nortek, an over-indebted U.S. ventilation company, for $2.81 billion.