Modine Manufacturing (MOD) Announces $50M Stock Buyback

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Go back to Modine Manufacturing (MOD) Announces $50M Stock Buyback

Modine Announces Share Repurchase Program

November 5, 2020 4:15 PM EST

RACINE, Wis., Nov. 5, 2020 /PRNewswire/ -- Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today announced that its Board of Directors has authorized the repurchase of up to $50 million of its common stock over the next two years.  The authorization does not require the repurchase of shares, or of a specific number of shares.  Decisions to repurchase shares or suspend the program will be made at the Company's discretion, based on a number of factors, including ongoing assessments of the capital needs of the business, share price, and general market conditions. 

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