CECO Environmental and Thermon Group Holdings Announce Election Deadline for Thermon Stockholders to Elect Form of Merger Consideration

CECO Environmental has set May 22, 2026 as the election deadline for Thermon stockholders to choose their merger consideration form in the pending acquisition. Thermon shareholders can elect to receive 0.8110 CECO shares, a mix of 0.6840 CECO shares plus $10 cash, or $63.89 in cash. The transaction is expected to close on June 1, 2026, subject to stockholder approval and customary closing conditions.