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Thermon Group Holdings (THR) Surged To Over A 4-Month High After Acquisition

Thermon Group Holdings (THR) announced Wednesday morning that it has agreed to acquire 100% of the equity interests of CCI Thermal Technologies Inc. and certain related real estate assets for CAD $258 million in cash.

Thermon Group climbed sharply during the first 45 minutes of trade Wednesday, before settling into a range. Shares finished with a gain of 2.30 at $20.70 on the highest volume of the year. The stock surged to over a 4-month high and re-crossed its 200-day moving average.

by RTT Staff Writer

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