Modine to Spin Off Performance Technologies Business

Modine Manufacturing Company is divesting its Performance Technologies business through a spin-off into a separate entity, Platinum SpinCo Corporation, which will then combine with Gentherm. This represents a carve-out of a division from Modine.

“the proposed business combination between Gentherm Incorporated and Platinum SpinCo Corporation (“SpinCo”), Modine Manufacturing Company’s Performance Technologies business.”

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