CECO Environmental Corp said it will purchase Met-Pro Corp for $210 million to become the world's largest maker of air pollution control products. CECO Environmental will pay Met-Pro shareholders $13.75 per share, representing a premium of 43 percent to its Friday's closing.
CECO Environmental Corp. (CECO) is a provider of global, air pollution control technology. Shares of CECE remained unchanged at $11.12. In the past year, the shares have traded as low as $6.81 and as high as $14.32. On average, 43534 shares of CECE exchange hands on a given day and today's volume is recorded at 0.
Met-Pro Corporation (Met-Pro) manufactures and sells product recovery and pollution control equipment for purification of air and liquids, fluid handling equipment for corrosive, abrasive and high temperature liquids, and filtration and purification products. Shares of MPR remained unchanged at $9.60. In the past year, the shares have traded as low as $8.30 and as high as $11.00. On average, 28637 shares of MPR exchange hands on a given day and today's volume is recorded at 26140.
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