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Ceco Environmental Corp And Met-Pro Corporation Anticipate Closing Mergers Between August 27-29

Monday, 12 Aug 2013 09:00am EDT 

Ceco Environmental Corp and Met-Pro Corporation announced that they anticipate the closing date of the proposed merger transactions pursuant to which Met-Pro will become a wholly owned subsidiary of CECO to occur between August 27-29, 2013. Closing is contingent upon approvals by Met-Pro's and CECO's respective shareholders, among other matters. Special meetings of the Met-Pro and CECO shareholders to obtain the requisite shareholder approvals have been scheduled for August 26, 2013. As previously disclosed by CECO and Met-Pro, if the closing of the proposed merger transactions occurs before August 30, 2013, as is currently anticipated, then the Met-Pro quarterly dividend declared on June 5, 2013 to shareholders of record at the close of business on August 30, 2013 will not be paid to Met-Pro's shareholders. However, in such event, CECO has agreed to set record date for the payment of third dividend occurring during current fiscal year to occur on a date that is at least two business days after the closing date of the proposed merger transactions. Accordingly, if the proposed merger transactions close as is currently anticipated between August 27-29, 2013, the dividend declared by Met-Pro on June 5, 2013 will not be paid to Met-Pro's shareholders. 

Company Quote

25 Nov 2014