Samsung Weighs Takeover of Data Center Cooling Maker Modine
Samsung is in talks to buy Modine Manufacturing, a US-listed data center cooling company, according to Bloomberg News. A deal could land within weeks, and Modine's stock jumped 29% in extended trading on the report. Nothing is signed, and the talks could still collapse.
- Original source: channelnewsasia.com.
- The source published it on Nov 13, 2026 at 12:12 AM.
- Not verified by major outlets. This story may be false.
- No second outlet has reported it yet. Treat it as a single-source claim.
Samsung is negotiating to acquire Modine Manufacturing, a US-listed maker of cooling systems for data centers, Bloomberg News reported Thursday, citing people familiar with the matter. The two sides are discussing a deal that could be wrapped up as soon as the coming weeks, according to the report.
Modine shares shot up 29 per cent in extended trading once the report landed. The company carried a market value of US$5.6 billion as of Thursday, per data compiled by LSEG.
The talks are not a done deal. Bloomberg reported no final decision has been made, the discussions could still fall apart, and a rival bidder could surface. Reuters said it could not immediately verify the report, and neither Samsung nor Modine could be reached for comment.
Modine's cooling gear sits at the center of the data center buildout, a business Samsung would be adding to its chip and hardware empire if the talks produce an agreement.
TopicsSamsung · Modine Manufacturing · Bloomberg News · LSEG · Reuters
Source: channelnewsasia.com
Written by Paparazzi with AI. Not financial advice.