Modine Manufacturing Company (NYSE: MOD), a diversified global
leader in thermal management technology and solutions, today announced
that it has successfully completed its previously announced public
offering of 13,800,000 shares of its common stock at $7.15 per share.
The number of shares includes 1,800,000 shares sold pursuant to the
exercise of the underwriters’ over-allotment option.
The company received net proceeds from the offering of approximately $93
million after deducting underwriting discounts and commissions and
estimated expenses of the offering.
J.P. Morgan was the book-running manager and Robert W. Baird & Co. was
the lead manager for the offering. Comerica Securities and KeyBanc
Capital Markets acted as co-managers.
About Modine
Founded in 1916, Modine specializes in thermal management systems and
components, bringing highly engineered heating and cooling technology
and solutions to diversified global markets. Modine products are used in
light, medium and heavy-duty vehicles, heating, ventilating and air
conditioning equipment, off-highway and industrial equipment,
refrigeration systems and fuel cells. The company employs approximately
7,000 people at 32 facilities worldwide in 15 countries.
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