Jana Partners bought a new stake in Modine Manufacturing during the third quarter, taking a position just as the cooling system maker's stock surged 30.75% on acquisition talks. The move highlights growing institutional interest in thermal management suppliers serving the data center industry. United States activist investor Jana held 287,620 shares of the Racine, Wisconsin-based company at the end of September.
Jana Takes Stake in Modine
Jana Partners revealed a new position in Modine Manufacturing during the third quarter as takeover reports involving Samsung sent the stock surging. The activist investor also disclosed a stake in Casella Waste Systems while exiting Everpure.
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