This AI Cooling Company Just Caught Samsung’s Eye

November 13, 2026 Lekha Gupta

Summary

Modine Manufacturing Company shares experienced a significant jump during Friday premarket trading. Reports indicate that Samsung Electronics is currently discussing a potential acquisition of the data center cooling equipment provider. A final agreement has not yet been reached between the two companies.

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,…

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