🟢 Modine Manufacturing is trading 4.51% up amid October 1 Performance Technologies spin-off and Gentherm combination

Modine Manufacturing is trading at $182.06, up +4.51%, amid the October 1 completion of the Performance Technologies spin-off and its combination with Gentherm; no separate October 2 announcement was identified as the direct cause of the move.

• Eligible Modine shareholders received 0.44619 Gentherm shares per share, and Modine received about $156 million to repay debt.
• The S&P 500, Nasdaq and Dow are each up more than 0.5%.