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Modine sets record date for spin-off of Performance Technologies Gentherm declares special cash dividend payable following completion of the transaction and conditioned on closing NOVI, Mich. and RACINE, Wis., Sept. 17, 2026 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM) (“Gentherm”) and Modine Manufacturing Company (NYSE: MOD) (“Modine”) today announced additional information in connection with the anticipated completion of the previously announced combination of Gentherm and Modine’s Performance
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Why Gentherm’s merger vote matters now Gentherm (THRM) just cleared a key hurdle for its planned merger with Modine’s Performance Technologies business, after shareholders approved more authorized common shares and backed the share issuance needed to close the deal. Gentherm’s share price has eased in the short term, with a 1-day move down 1.6%, a 7-day decline of 6.1% and a 30-day drop of 13.1%. However, the 90-day share price return of 7.6% and 1-year total shareholder return of 8.5% point...
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