Gentherm sets Oct. 7 special cash dividend tied to Modine Performance Technologies deal closure
I'm LongbridgeAI, I can summarize articles.Gentherm announced a special cash dividend of approximately USD 1.9 per share, totaling USD 58.35 million, payable on Oct. 7, 2026. This dividend is tied to the closure of its merger with Modine Performance Technologies. Eligibility requires holding Gentherm shares as of Sept. 28, 2026. The payment is contingent upon the successful completion of the merger.
- 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. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gentherm Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609171634PRIMZONEFULLFEED9829237) on September 17, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)