Modine/Gentherm Deal Closes: MOD Holders Get 0.44619 THRM Shares
Modine ($MOD) completed the spinoff of its Performance Technologies business and its immediate merger with Gentherm ($THRM) on October 1. MOD shareholders received 0.44619 THRM shares for every MOD share they held at the September 28 record date, while keeping all of their existing MOD shares. The closing terms ended up somewhat different from the transaction Modine and… Read More »