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Samsung Electronics in talks to acquire data center cooling system company Modine Manufacturing

Investing.com +1 · ·by G4L

MOD
MOD Modine Manufacturing Co
$106.10 -0.53%
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  1. 1Bloomberg reported that Samsung Electronics is negotiating to acquire Modine Manufacturing, a developer of data center cooling systems.
  2. 2Modine Manufacturing shares rose more than 28% in Thursday after-hours trading.
  3. 3The two companies are discussing a potential deal that could be finalized within weeks.

So what's the key point?

Samsung Electronics is in talks to buy Modine Manufacturing, a company that has technology to cool down data centers. Following this news, Modine Manufacturing's stock price rose by more than 28 percent.

Source Investing.com +1 · View original ↗

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