Bloomberg reported on Nov. 12, 2026, citing people familiar with the matter, that Samsung Electronics is in talks to buy Modine Manufacturing, a Wisconsin maker of data-center cooling systems, and that a deal could come together in the coming weeks. The same account said no decision has been made, the talks could fail, and another bidder could appear. It put Modine's Thursday close at $106.10, about a $5.6 billion market value, with the shares up more than 28 percent in late trading. Reuters said it could not verify the report and that neither company commented immediately.
/ Sources
/ About this story
Compiled by Venture Atlas from the sources above, using automated AI-assisted research. This is a summary of reporting published elsewhere, not original reporting - follow the source links for the full account. See our editorial standards.
Something wrong here? Email apostructura@gmail.com and we will fix it.
/ Related
- A judge lets the DRAM supply case against Samsung and SK hynix proceedSunday, November 15, 2026
- Google and Samsung open Gemini glasses pre-ordersFriday, November 13, 2026
- Samsung breaks ground on an HBM packaging line in AsanThursday, November 12, 2026
- Nvidia says one Samsung chip simulation fell to 41 secondsMonday, November 9, 2026