Samsung in talks for $5.6B Modine buy

Samsung Electronics is reportedly in talks to acquire Modine Manufacturing, a U.S. maker of data-center cooling systems, in a deal that could be reached within weeks. No final decision or price has been disclosed, and the discussions could collapse or attract another bidder. Modine, valued at about $5.6 billion before the report, saw its shares surge in after-hours trading. The potential acquisition reflects intensifying efforts to secure infrastructure for AI data centers, where demand for large-scale cooling has grown rapidly.