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NASDAQ:THRM 29 January 2026 - 2 February 2026

Modine stock jumps after $1 billion Gentherm deal accelerates pivot to data-center cooling

Modine stock jumps after $1 billion Gentherm deal accelerates pivot to data-center cooling

Modine shares rose 5.8% to $187.00 Friday after announcing it will spin off its Performance Technologies unit and merge it with Gentherm in a $1 billion tax-free deal. Modine shareholders will receive about 21 million Gentherm shares valued near $790 million and a $210 million cash payout. The deal requires Gentherm shareholder and regulatory approval. Modine’s quarterly results are due Feb. 4 after market close.
30 January 2026
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Modine stock jumps nearly 19% as $1 billion Gentherm tie-up sharpens data center cooling focus

Modine stock jumps nearly 19% as $1 billion Gentherm tie-up sharpens data center cooling focus

Modine shares rose 18.6% to $174.15 after announcing a $1 billion deal to spin off its Performance Technologies unit and merge it with Gentherm in a Reverse Morris Trust. Modine will receive $210 million in cash and its shareholders about 40% of the combined company. The deal is expected to close in late 2026, pending approvals. Gentherm shares were little changed.
29 January 2026
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Stock Market Today

  • Nifty 50 and Sensex Set for Higher Open After Sharp Decline on March 19
    March 19, 2026, 10:21 PM EDT. The Indian stock market benchmarks, Sensex and Nifty 50, are expected to open higher on March 20 after a sharp drop the previous day. The Sensex fell 3.26% to 74,207.24, and the Nifty 50 dropped 3.26% to 23,002.15 amid profit booking and supply pressure. Futures trends indicate a positive start, with the Gift Nifty trading around 23,250, suggesting short-covering activity. Technical analysts highlight crucial support zones for Sensex near 73,700-73,800 and resistance near 74,700-74,800. Nifty 50 shows bearish patterns with potential downsides toward 22,500 if it slips below 22,900. The short-term outlook remains cautious as pullbacks may see further selling unless sentiment improves significantly.
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