$MOD at $146.52 premarket, up 38.1% from the $106.10 close, on a report that hasn't been confirmed.
$MOD at $146.52 premarket, up 38.1% from the $106.10 close, on a report that hasn't been confirmed. Deals usually pay the company being bought, so Modine holders got the easy part overnight. The harder question for a practical investor is what's left to chase from here.
- Bloomberg reported after the Nov. 12 close that Samsung Electronics is in talks to acquire Modine. No final decision has been made, talks could fail, and another bidder could emerge. Both companies declined to comment.
- Modine was worth about $5.6 billion at the prior close, so this is a multi-billion-dollar industrial company, not some obscure microcap.
- The talks follow Modine's Nov. 3 results, which some coverage called disappointing. A 38% gap on unnamed sources prices in a lot of deal certainty that nobody has given us yet.
- What I'd watch: any confirmation or denial from either company, and whether other thermal-management names get a similar bid.
My read is that chasing this premarket means betting the deal closes, and that's a coin flip I'd rather not pay up for. What interests me more is that a big buyer reaching for cooling suppliers shows how far AI data-center spending has spread down the supply chain.
Source:
Barron's: https://www.barrons.com/articles/modine-stock-samsung-ai-data-centers-d99df226
Not financial advice. For informational and educational purposes only.
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