Modine to Spin Off Performance Technologies Business and Combine with Gentherm

Modine Manufacturing Company is spinning off its Performance Technologies business into a new entity called Platinum SpinCo Inc., which will then be combined with Gentherm Incorporated in a proposed business combination. The transaction involves a spin-off and subsequent merger, with regulatory filings underway.

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

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