Jeff Gates’ Hedge Fund Ups Stake in Nortek to 18.8%

Jeff Gates, NortekJeffrey Gates and his hedge fund, Gates Capital Management recently raised their exposure in Nortek Inc (NASDAQ:NTK), now holding 18.8% of the company. In this way, Gates added 344,696 shares to the position in Nortek, and now owns almost 2.9 million shares. The aggregate value of shares held by Gates amounts to $198.36 million, at the current stock price of Nortek.

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