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This AI Cooling Company Just Caught Samsung's Eye

Reported · Written up by our desk · Equities

Modine Manufacturing Co. (NYSE:MOD) stock surged nearly 23% in Friday’s premarket trading after a report said Samsung Electronics Co., Ltd. (OTC:SSNLF) is in talks to acquire the U.S. data center cooling equipment maker. The companies are discussing a potential deal that could materialize within weeks, Bloomberg reported , citing people familiar with the matter. However, no final decision has been made, and negotiations could collapse. Another potential buyer could also emerge. Why Samsung Wants Modine A potential acquisition would strengthen Samsung’s position in the rapidly expanding artific

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