The Zacks Analyst Blog Highlights: CECO Environmental, Met-Pro, Calgon Carbon, Fuel-Tech and Industrial Services of America PR Newswire CHICAGO, April 29, 2013 CHICAGO, April 29, 2013 /PRNewswire/ -- 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. (Nasdaq:CECE), Met-Pro Corp. (NYSE:MPR), Calgon Carbon Corp. (NYSE:CCC), Fuel-Tech Inc. (Nasdaq:FTEK) and Industrial Services of America, Inc. (Nasdaq:IDSA). (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) 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. (Nasdaq:CECE) recently announced that it has signed an agreement to acquire Met-Pro Corp. (NYSE: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. (NYSE:CCC) which has a Zacks Rank #1 (Strong Buy) andFuel-Tech Inc. (Nasdaq:FTEK) and Industrial Services of America, Inc. (Nasdaq: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. 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The Zacks Analyst Blog Highlights: CECO Environmental, Met-Pro, Calgon Carbon, Fuel-Tech and Industrial Services of America
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