$MOD Modine completes spin-off of Performance Technologies business.
By Nexqual Desk ·
Tickers: $MOD
$MOD Modine completes spin-off of Performance Technologies business.
• The transaction values the divested business at approximately $946.4 million.
• Modine received a cash distribution of $156 million to repay outstanding debt.
• Shareholders received 0.44619 shares of Gentherm stock for each Modine share held.
Source: SEC 8-K, Oct 1, 2026.
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