Modine Manufacturing Completes $946M Spin-Off with Gentherm: What Investors Need to Know
Modine Manufacturing completed a $946.4 million Reverse Morris Trust transaction, spinning off its Performance Technologies unit and merging it with Gentherm Inc. Shares of Modine were trading lower Friday morning following the completion of the deal.
Why it matters — This transaction directly involves Gentherm through a merger, so it is a notable corporate development for THRM watchers to be aware of.