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Divestiture Aug 2020 · Racine, Wisconsin Verified

Modine Manufacturing Targets Sale of Automotive Business

Modine Manufacturing Company is targeting the sale or eventual exit of its underlying automotive business operations. The automotive business is being managed as a separate segment to facilitate this strategic alternative.

“The Company is managing the automotive business as the Automotive segment as it targets the sale or eventual exit of its underlying automotive business operations.”

Entities

Modine Manufacturing Company · Target
Other Sentiment: Neutral

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.