MergerMay 15, 2026, 07:02 AM
CECO/Thermon Merger: Consideration Election Deadline May 22
AI Summary
CECO Environmental Corp. and Thermon Group Holdings, Inc. jointly announced the election deadline for Thermon stockholders to choose their merger consideration. The deadline is 5:00 p.m. Central Time on May 22, 2026, with the transaction expected to close on June 1, 2026, subject to customary conditions. Stockholders can elect to receive Stock Consideration (0.8110 CECO shares), Mixed Consideration (0.6840 CECO shares + $10.00 cash), or Cash Consideration ($63.89 cash), all subject to proration. Those who do not make an election will receive the Mixed Consideration.
Key Highlights
- Thermon stockholders' election deadline for merger consideration is May 22, 2026, at 5:00 p.m. CT.
- The CECO acquisition of Thermon is expected to close on June 1, 2026, subject to approvals.
- Stock Consideration option: 0.8110 shares of CECO common stock per Thermon share.
- Mixed Consideration option: 0.6840 shares of CECO common stock plus $10.00 cash per Thermon share.
- Cash Consideration option: $63.89 in cash per Thermon share.
- Both Cash and Stock Consideration are subject to proration as described in the Merger Agreement.
- Thermon stockholders who do not make an election will automatically receive the Mixed Consideration.
Price Impact
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