Gentherm sets Oct. 7 special cash dividend tied to Modine Performance Technologies deal closure - THRM News | RalliesGentherm sets Oct. 7 special cash dividend tied to Modine Performance Technologies deal closure
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THRM• Special cash dividend tied to merger closing
- Modine will distribute SpinCo shares for its Performance Technologies business on Oct. 1, 2026, ahead of a merger into Gentherm.
- Record date for the SpinCo distribution is Sept. 28, 2026; Modine shares trade with due bills through Oct. 1.
- Gentherm set a special cash dividend of about USD 58.35 million, or about USD 1.9 per share, payable Oct. 7.
- Dividend eligibility is Gentherm holders of record on Sept. 28, 2026; payment depends on the merger closing.
- Expected exchange-ratio adjustment lifts Gentherm issuance by about 2,902,466 shares; SpinCo cash payment to Modine cut to USD 159 million.
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