CECO Environmental Announces Expiration of HSR Waiting Period

Core Viewpoint - CECO Environmental Corp. has announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for its tender offer for Profire Energy, Inc., which is a significant step towards completing the acquisition [1][2]. Company Overview - CECO Environmental is a diversified industrial company focused on environmentally friendly solutions, serving various industrial air, water, and energy transition markets globally [3]. - The company operates through key business segments: Engineered Systems and Industrial Process Solutions, providing innovative technology and expertise to enhance safety, efficiency, and environmental protection [3]. - CECO's solutions are applicable in multiple sectors, including power generation, petrochemical processing, refining, electric vehicle production, and water treatment [3]. Tender Offer Details - The expiration of the HSR waiting period is one of the conditions for the tender offer, with other conditions still pending, including a minimum tender of shares representing a majority of PFIE's outstanding shares [2]. - The tender offer and withdrawal rights are set to expire at one minute after 11:59 p.m. Eastern Time on December 31, 2024, unless extended [2].