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Samsung in Talks to Acquire Data Center Cooling Firm Modine

  • Modine Manufacturing's stock price increased by approximately 29% to around $137 following a Bloomberg report.
  • Samsung is reportedly in discussions to acquire Modine, a Wisconsin-based data center cooling systems manufacturer.
  • The potential acquisition could be finalized in the coming weeks, though no final decision has been made.
  • Neither Modine nor Samsung has confirmed the ongoing talks, and the discussions could still fall through.
  • Modine's stock is on track for its best day in 17 years.

Timeline

  1. Samsung in talks to buy Modine

    Samsung is reportedly in discussions to acquire Modine Manufacturing.

  2. Modine Stock Surges

    Modine stock experiences a significant increase following reports of Samsung's interest.

  3. Modine Stock Soars

    Modine stock is on track for its best day in 17 years due to the acquisition talks with Samsung.

  4. Latest

    Modine Stock Soars 29%

    Modine stock rises by 29% after Bloomberg reports Samsung's intention to buy the company.

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Samsung in Talks to Acquire Data Center Cooling Firm Modine | Split Angle