Modine Announced Sale of Three Automotive Businesses in Germany; Terms Not Disclosed
Portfolio Pulse from Charles Gross
Modine (NYSE:MOD), a global leader in thermal management technology, has announced the sale of three of its businesses based in Germany to affiliates of Regent LP. The terms of the deal were not disclosed.
September 06, 2023 | 1:26 pm
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Modine has sold three of its businesses in Germany to Regent LP. The financial terms of the deal were not disclosed.
The sale of these businesses could potentially streamline Modine's operations and improve its financial performance. However, without the financial details of the deal, it's difficult to predict the exact impact on Modine's stock price in the short term.
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