Modine Manufacturing (MOD) is in talks to be acquired by Samsung Electronics, Bloomberg reported on Friday, citing anonymous sources.
Modine Manufacturing shares rose 27.4% from the Thursday closing price, in after-hours trading.
No terms have been disclosed on the Modine Manufacturing-Samsung transaction, and the deal may note be consummated, or other merger partners could emerge, Bloomberg reported.
Modine Manufacturing makes commercial cooling and heating systems, with data centers as its fastest-growing business segment, Bloomberg reported.
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