NasdaqGS:CECOMachinery
CECO Environmental Thermon Merger Tests Growth Story And Earnings Strength
CECO Environmental (NasdaqGS:CECO) announced a proposed US$2.2b merger with Thermon to form a combined industrial environmental and thermal solutions company.
The boards of both companies have unanimously approved the transaction, which includes plans for changes to the combined company’s board composition.
The deal targets cost synergies and a broader offering in areas such as industrial process efficiency, energy transition and decarbonization.
Law firms and shareholder rights groups have...