US Stock Moves | Modine Manufacturing (MOD.US) surges over 32% at market open amid rumors Samsung Electronics is in acquisition talks

According to Jinse Finance APP, on Friday, Modine Manufacturing (MOD.US) surged more than 32% at the open and is now trading at $141.72. According to reports, sources say Samsung Electronics is in talks to acquire data center cooling system producer Modine Manufacturing. The two parties are discussing a potential deal, which could be reached as soon as the next few weeks. Modine Manufacturing currently has a market value of about $5.6 billion. Sources also indicated that no final decision has been made yet, negotiations could still fall through, and other bidders may emerge.