Business NEWS

Modine Manufacturing Plans To Offer At Least 9M Shares

By Amarendra Bhushan for CEOWORLD Magazine Updated:September 21, 2009


Modine Manufacturing Company (NYSE:MOD), a diversified global leader in thermal management technology and solutions, today announced that it has commenced a public offering of 9,000,000 shares of its common stock. In connection with the public offering, Modine intends to grant the underwriters an option to purchase up to an additional 1,350,000 shares.

Modine intends to use the proceeds from the offering to reduce indebtedness and for general corporate purposes.

J.P. Morgan is the book-running manager and Robert W. Baird & Co. is the lead manager for the offering. Comerica Securities and KeyBanc Capital Markets are acting as co-managers.

The offering is being made only by means of a prospectus supplement and accompanying prospectus. Modine has filed a registration statement (including a related prospectus) and a preliminary prospectus supplement with the Securities and Exchange Commission for the offering to which this communication relates. Investors should read the prospectus, preliminary prospectus supplement and other documents that Modine has filed with the Securities and Exchange Commission for complete information about Modine and the offering.

Investors may obtain these documents at no charge by visiting the Securities and Exchange Commission`s website at www.sec.gov. Alternatively, investors may obtain the prospectus and preliminary prospectus supplement by contacting Prospectus Department, J.P. Morgan Securities Inc., 4 Chase Metrotech Center, CS Level, Brooklyn, New York 11245, Attention Prospectus Library (tel: 1-718-242-8002).

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Modine-Manufacturing

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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Author : Amarendra Bhushan

Author's Website | Articles from Amarendra Bhushan

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