Modine Manufacturing (MOD) Announces $50M Stock Buyback
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Modine Announces Share Repurchase Program
November 5, 2020 4:15 PM ESTRACINE, 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.Â
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