Shareholders of CECO Environmental (CECO) and Thermon Group Holdings (THR) have voted to approve the companies' planned merger, according to a Thursday joint statement.
In February, CECO Environmental agreed to combine with Thermon Group in a cash and equity transaction valued at about $2.2 billion.
The companies expect to close the transaction on or around June 1, according to the statement.
Shares of CECO Environmental were down more than 8% intraday.
Price: 79.35, Change: -7.60, Percent Change: -8.74
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments