Modine shares rise after report of Samsung acquisition talks

Published Friday, November 13, 2026 · 7:20 PM EST

Modine Manufacturing, which makes cooling systems for data centers, recorded its biggest single-day share gain since 2020 after Bloomberg News reported that the company was in talks to be acquired by Samsung Electronics. The reported discussions concern an acquisition.

Sources

Bloomberg Technology

In this story

Samsung

Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.

Back to Newswire

Keep reading

Full wire

Infrastructure

GlobalFoundries starts construction of Japan-funded New York chip fab

GlobalFoundries says it broke ground November 13 on a new semiconductor factory in Malta, New York, starting construction of the first of two planned fabs under a U.S.-Japan initiative providing up to $21 billion in funding.

Infrastructure AI

Nscale filing reveals $5.5B debt and larger Nvidia financing commitment

Nscale had $5.5B in debt in September, up from $137.4M in June, Bloomberg reported, citing an amended S-1 filing. Nvidia committed $2B of the data center developer's $3B+ convertible financing; Nscale previously disclosed $1B.

Capital Infrastructure

Drogue raises $20 million for ocean-powered floating data centers

Drogue has raised $20 million to develop floating data centers powered by ocean temperature differences, the startup told TechCrunch. Investors include XYZ Venture Capital, Toyota Ventures and Tamarack Global.

Capital Infrastructure

NeuralSat raises €2.9 million for satellite relay and computing network

Germany's NeuralSat has secured €2.9 million in pre-seed funding to develop a network that would relay satellite data and process it in orbit. Capnamic Ventures and Bayern Kapital led the round.

Infrastructure

Airlines cancel flights as FAA outage threatens daylong disruption

Airlines have canceled flights scheduled to depart later Friday following the FAA's nationwide ground stop, and American Airlines expects disruptions for the rest of the day, Ars Technica reported.

Infrastructure

FAA communications outage affects all air traffic control centers

A communications issue affecting all US Air Route Traffic Control Centers prompted Friday's nationwide ground stop, Transportation Secretary Sean Duffy said. Departing flights were paused while aircraft already airborne were allowed to land.