Added to YB: 2026-08-18
Pitch date: 2026-08-16
THRM [neutral]
Gentherm Incorporated
-0.48%
current return
Author Info
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Company Info
Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States, China, Germany, Czech Republic, South Korea, Mexico, Slovakia, Romania, Japan, United Kingdom and internationally.
Market Cap
$1.4B
Pitch Price
$43.55
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.17
P/E
51.29
EV/Sales
0.93
Sector
Automobile Components
Category
special_situation
$THRM: the vote is September 10, and the hard proposal needs a majority of every share outstanding
THRM (overview): Reverse Morris Trust merger w/ Modine Performance Technologies; THRM holders own 60%, Modine 40%. Sept 10 vote gated on charter amendment needing majority of ALL outstanding shares (30.7M)—abstentions/non-votes = no. Risk is retail apathy, not opposition. ~20M new shares (~2/3 dilution). $45M one-way break fee. Consensual, no dissent; market treats as formality. Watch ISS/Glass Lewis, 13Ds, IRS ruling, adjournment proposal.
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