CECO Environmental and Thermon Group Holdings Announce that their respective Stockholders Approved the Strategic Combination and Provide Update on Election Results
CECO and Thermon announced that stockholders for both companies overwhelmingly approved their strategic combination, with 99.93% of CECO votes and 99.97% of Thermon votes cast in favor. The transaction is expected to close on or around June 1, 2026, subject to customary closing conditions. This vote removes the primary regulatory and shareholder hurdle to finalizing the deal. Thermon shareholders elected their form of consideration: 41.18% chose stock (prorated to $1.48 cash and 0.7920 CECO shares), 6.50% chose all cash ($63.89), and 19.22% chose a mix ($10.00 cash and 0.6840 CECO shares).
Key figures
- Deal Value Usd
- 0
- Cash election pct
- 6.50%
- Mixed election pct
- 19.22%
- Stock election pct
- 41.18%
- Expected close date
- June 1, 2026
- Ceco vote approval pct
- 99.93%
- Mixed consideration cash
- $10.00
- Stock consideration ratio
- 0.8110 shares of CECO per share of Thermon
- Thermon vote approval pct
- 99.97%
- Cash consideration per share
- $63.89
- Mixed consideration stock ratio
- 0.6840 shares of CECO per share of Thermon
- Prorated stock consideration cash
- $1.48
- Prorated stock consideration stock ratio
- 0.7920 shares of CECO per share of Thermon
AI analysis
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