Gentherm Shareholders Approve Modine Performance Technologies Deal

01:47 PM EDT, 09/10/2026 (MT Newswires) -- Gentherm (THRM) said Thursday its shareholders approved the acquisition of Modine Manufacturing's (MOD) performance technologies business for cash and stock, clearing the proposals required to complete the combination. Investors backed the measures by at least 94%, including issuing equity to Modine shareholders and increasing Gentherm's authorized common stock. The transaction is expected to close Oct. 1. Gentherm shares fell 0.8% in Thursday trading, and Modine dropped 3.1%. Price: 38.10, Change: -0.32, Percent Change: -0.83