The Zacks Analyst Blog Highlights: CECO Environmental, Met-Pro, Calgon Carbon, Fuel-Tech and Industrial Services of America

Zacks


For Immediate Release

Chicago, IL – April 29, 2013 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include CECO Environmental Corp. (CECE), Met-Pro Corp. (MPR), Calgon Carbon Corp. (CCC), Fuel-Tech Inc. (FTEK) and Industrial Services of America, Inc. (IDSA).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Friday’s Analyst Blog:

CECO to Acquire Met-Pro

CECO Environmental Corp. (CECE) recently announced that it has signed an agreement to acquire Met-Pro Corp. (MPR). Met-Pro is a niche-oriented provider of product recovery, pollution control, fluid handling and filtration solutions across multiple diversified end-markets, globally.

As per the terms of the agreement, CECO will purchase all the outstanding shares of Met-Pro common stock in a cash and stock transaction. The total value of the deal is approximately $210 million, or $13.75 per share, reflecting a 43% premium to Met-Pro's share price as on the close of April 19, 2013.

In addition, the purchase includes $7.25 per share in cash and $6.50 per share in CECO common stock. Further, according to the terms of the agreement, Met-Pro's shareholders may also choose to exchange each share of Met-Pro common stock for either $13.75 in cash and/or shares of CECO shares. For this, CECO shares need to have a value based on the volume weighted average trading price of CECO common stock for the 15-trading day period ending on the day immediately previous to the closing of the acquisition.

Post the acquisition, CECO becomes a market leader in air pollution control, product recovery and fluid handling technology, globally. The products and offerings of both the companies perfectly complement each other and provide a wider portfolio of services.

After the acquisition, CECO expects to serve a customer base of more than 11,500 worldwide. The combined businesses will offer a broader set of products and services through a truly end-to-end pollution control technology solution in an environment where customers are increasingly demanding comprehensive solutions from fewer vendors and service providers.

Apart from this, the acquisition will also benefit CECO with a well-balanced geographic portfolio of products and services in key emerging markets. The transaction is expected to be accretive to CECO's earnings per share, margins and cash flow. The combined company expects to generate revenues of about $300 million and about $9 million in cost synergies once operational.  

CECO Environmental currently has a Zacks Rank #2 (Buy). Some other companies operating in the same industry and also worth considering at the moment are Calgon Carbon Corp. (CCC) which has a Zacks Rank #1 (Strong Buy) and Fuel-Tech Inc. (FTEK) and Industrial Services of America, Inc. (IDSA), both of which have a Zacks Rank #2 (Buy).

Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact
Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

http://www.zacks.com

 

Read the analyst report on CECE

Read the analyst report on MPR

Read the analyst report on CCC

Read the analyst report on FTEK

Read the analyst report on IDSA

Zacks Investment Research



More From Zacks.com

Rates

View Comments (0)