Met-Pro Corp. (MPR) announced Monday morning that it agreed to be acquired by CECO Environmental Corp. (CECE) in a cash and stock transaction valued at a total of approximately $210 million, or $13.75 per share.
Met-Pro gapped open dramatically higher Monday, but moved in a narrow range throughout the session. The stock finished up by 3.78 at $13.38 on the highest volume of the year. Met-Pro vaulted to a new high for the year.
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