Samsung Eyeing Deal To Buy Data Center Supplier Modine; Stock Soars 35%

Detailed summary

Samsung is exploring a deal to buy Modine Manufacturing, which makes cooling systems for AI data centers. The post Samsung Eyeing Deal To Buy Data Center Supplier Modine; Stock…

Shares of industrial cooling giant Modine Manufacturing (MOD) skyrocketed more than 35% on Friday morning after reports Samsung Electronics (SSNLF) was interested in buying the company. Modine Manufacturing makes heating and cooling systems for industrial buildings. In the past couple of years, its business has boomed thanks to demand from data center developers. Modine's systems are regularly used to cool…

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