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Shares of Modine Manufacturing Co. (NYSE:MOD) are trading lower Friday morning. The company completed the spin-off and merger of its Performance Technologies unit with Gentherm Inc. in a $946.4 million Reverse Morris Trust transaction.
Announces Final Exchange Ratio and Cash Distribution to Modine RACINE, Wis., Oct. 1, 2026 /PRNewswire/ -- Modine (NYSE: MOD) ("Modine" or the "Company") today announced the completion of the previously announced spin-off of its Performance Technologies business, which was held by Platinum SpinCo Inc. ("SpinCo"), and subsequent combination of SpinCo with Gentherm (NASDAQ: THRM) ("Gentherm") through a Reverse Morris Trust transaction.
Shares of Modine Manufacturing Company (NYSE: MOD - Get Free Report) traded down 10.2% during trading on Monday. The stock traded as low as $189.11 and last traded at $177.9310. Approximately 204,787 shares were traded during trading, a decline of 85% from the average session volume of 1,370,293 shares. The stock had previously closed at $198.07.
Hiring for long-term manufacturing roles starting at $23 per hour RACINE, Wis., Sept. 23, 2026 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today announced ongoing hiring efforts in southeastern Wisconsin to fill up to 300 positions to support its rapidly growing data center cooling business.