	rexham rxh repurchases stake from nortek ntk rexham corp said it has repurchased of its shares or pct from nortek inc for dlrs each and nortek has withdrawn its proposal to uire rexham for dlrs per share rexham said nortek has also agreed not to buy rexham shares or take other actions under a year standstill agreement the rexham board had rejected the nortek bid as inadequate the company also said its board has authorized the repurchase in the open market or privately from time to time of up to an additional five pct of its own shares and the establishment of an employee stock ownership plan the plan is expected to purchase from rexham a new convertible preferred stock with pct of rexham s voting power with proceeds of a pension plan overfunding and borrowings reuter 
