Modine to Receive $210 Million Cash Distribution in Spin-Off Deal

As part of the transaction, Modine will receive a cash distribution of $210 million, subject to certain adjustments. Modine shareholders will own 100% of the remaining pure-play climate solutions business and approximately 40% of the combined Gentherm and Performance Technologies platform.

“Modine to receive a cash distribution of $210 million, subject to certain adjustments”

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