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0 0 -0.0208102108768036 -0.00804661487236402 -0.0208102108768036 0.0266370699223086 0.0205327413984462 0.021556603773585
Stock impact report

Gentherm and Modine’s Performance Technologies Business to Combine, Establishing a Scaled Leader in Thermal Management Solutions

Gentherm Inc (THRM) 
Last gentherm inc earnings: 2/19 06:00 am Check Earnings Report
Company Research Source: GlobeNewswire
Expands Gentherm’s portfolio with highly complementary thermal management products and engineering capabilities, creating strong commercial opportunities in attractive end markets including power generation, commercial vehicles, and heavy-duty equipmentCreates a compelling and more balanced financial profile for the combined company including lower light vehicle exposure, greater scale, substantial synergies, and a balance sheet with capacity to invest in future growthReverse Morris Trust transaction valued at ~$1.0 billion,1 ~6.8x post-synergy adjusted EBITDA2,3,4 with Modine and Gentherm shareholders expected to own 40% and 60% of the combined company, respectively Accelerates the transformation of Modine’s portfolio to create a pure-play climate solutions company with highly engineered, mission-critical thermal management solutions, focused on high-growth, high-margin businesses for sustainable returns Gentherm to host conference call at 8:00 AM ET today; Modine to host conference Show less Read more
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