Mergers & AcquisitionsMedium•13 November 2026•
1 min read
Modine Shares Surge 31% on Reported Samsung Acquisition Talks
Key Facts
1Modine Manufacturing shares rose 31% following reports of active acquisition discussions by Samsung Electronics.
2Bloomberg reported the potential deal aims to bolster Samsung's AI infrastructure capabilities and could close within weeks.
Modine Manufacturing shares rose 31% following reports of active acquisition discussions by Samsung Electronics. Bloomberg reported that the potential deal aims to bolster Samsung's AI infrastructure capabilities and could close within weeks, according to the Foreign Policy Journal.
MOD closed at $106.1 on November 12, 2026, while Samsung Electronics, trading under the ticker SMSN.L, closed at $3900 on the same date. In related AI infrastructure news, MSFT closed at $523 and CBRS closed at $97.75 on November 12, 2026, following confirmation that Microsoft is a customer of Cerebras Systems.