Samsung Electronics is negotiating to acquire data‑center cooling systems maker Modine Manufacturing Co., sources said. The parties are exploring a possible deal that could be reached within weeks. Modine’s market value is about $5.6 billion. Its sha

2026-11-13

Samsung Electronics is negotiating to acquire data‑center cooling systems maker Modine Manufacturing Co., sources said. The parties are exploring a possible deal that could be reached within weeks. Modine’s market value is about $5.6 billion. Its shares have fallen about 15% since Nov. 3 after the company reported weaker‑than‑expected fiscal 2027 second‑quarter results. Sources said Samsung has not made a final decision, talks could still collapse, and other bidders may emerge.