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FINWIRES

CECO Environmental, Thermon Group Shareholders Approve $2.2 Billion Merger

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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%

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