Nortek boosted its bid for Transway by $5 a share.
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Nortek chairman Ralph R. Papitto said he has not received a response from the White Plains, N.Y.-based transportation company on the new $45-a-share offer. The new Nortek offer for Transway International has a total value of $298 million, up from $265 million. Transway officials could not be immediately reached for comment. Transway Chairman John W. Wolcott had earlier said he would recommend to the Board of Directors that it reject the original offer.
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