Tag Archives: Performance Technologies

Modine/Gentherm Deal Closes: MOD Holders Get 0.44619 THRM Shares

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Modine and Gentherm spinoff-and-merger graphic showing $MOD and $THRM with data-center cooling equipment and automotive thermal systems.

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 »

Modine Sets October 1 Date for Performance Technologies Spinoff and Gentherm Merger

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Modine Performance Technologies spinoff merging with Gentherm on October 1, 2026.

Modine Manufacturing ($MOD) has set September 28 as the record date for the spinoff of its Performance Technologies business, with the distribution and immediate merger into Gentherm ($THRM) expected to close October 1. The transaction is structured as a Reverse Morris Trust. Modine shareholders will keep their MOD shares and receive shares of Gentherm, rather than ending up… Read More »