🟢 Modine Manufacturing is trading 5.7% up in pre-market amid October 1 spin-off and Gentherm combination

Modine Manufacturing is trading at $184.19, up 5.73% pre-market; no separate October 2 company announcement explaining the move was identified.

• On October 1, Modine completed the Performance Technologies spin-off and combination with Gentherm.
• Eligible shareholders received 0.44619 Gentherm shares per eligible Modine share; Modine received approximately $156 million from SpinCo to repay debt.
• The transaction was a major company-specific event, but the announcement did not explicitly link it to the move; broader futures were modestly higher.