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Gentherm (THRM) Shareholders Approve Modine Merger, Clear for October Close
Insider Monkey11d agoneutral
Gentherm (THRM) Shareholders Approve Modine Merger, Clear for October Close

On September 10, Gentherm (NASDAQ:THRM) shareholders voted to approve the combination of Modine’s Performance Technologies business with Gentherm, clearing the last major hurdle before the two businesses become one. Roughly 99% of votes cast backed the share issuance needed to fund the deal, and about 94% of outstanding shares approved the charter amendment authorizing those […]

Bloomberg161d agobullish
Madison Air Jumps After Biggest US Industrial IPO Since 1999

(Bloomberg) -- Madison Air Solutions Corp. shares rose 18% after the company raised $2.23 billion in the biggest US listing of an industrial firm in close to three decades.Shares of the provider of ventilation and filtration systems closed at $31.75 on Thursday, compared to the initial public offering price of $27 each. The company sold 82.7 million shares after marketing them for $25 to $27 apiece. The trading gives the Chicago-based company a market value of about $15.5 billion based on the nu