Brief: Ceco Environmental Announces Strategic Combination With Thermon Group
24/02/2026 11:38
Feb 24 (Reuters) - CECO Environmental Corp CECO.O: CECO ENVIRONMENTAL ANNOUNCES STRATEGIC COMBINATION WITH THERMON GROUP, CREATING A GLOBAL INDUSTRIAL LEADER IN DELIVERING MISSION-CRITICAL ENVIRONMENTAL AND THERMAL SOLUTIONS CECO ENVIRONMENTAL CORP - CO AND THERMON ANNOUNCE $2.2 BILLION COMBINATION CECO ENVIRONMENTAL CORP - THERMON SHAREHOLDERS OFFERED CASH, STOCK, OR MIXED CONSIDERATION CECO ENVIRONMENTAL CORP - COMBINED COMPANY EXPECTED TO GENERATE APPROXIMATELY $40 MILLION OF ANNUAL COST SYNERGIES WITHIN 36 MONTHS CECO ENVIRONMENTAL CORP: MIXED CONSIDERATION REPRESENTS TOTAL PER SHARE VALUE OF ABOUT $63.13 CECO ENVIRONMENTAL CORP - SHAREHOLDERS TO OWN 62.5% OF COMBINED COMPANY CECO ENVIRONMENTAL CORP: COMBINED COMPANY WILL CONTINUE AS CECO ENVIRONMENTAL UNDER CEO TODD GLEASON Source text: ID:nGNX5k4Ky2 Further company coverage: CECO.O ((Reuters.Briefs@thomsonreuters.com;))
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