BALA CYNWYD, Pa.
April 26, 2013
/PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Met-Pro Corporation ("Met-Pro" or the "Company") (NYSE: MPR) relating to the proposed acquisition CECO Environmental Corporation. ("CECO").
Under the terms of the transaction, Met-Pro shareholders will receive only
in cash and
in stock for each share of Met-Pro stock they own. Met-Pro shareholders can choose to receive either
in cash or an equivalent value of CECO shares. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Met-Pro for not acting in the Company's shareholders' best interests in connection with the sale process.
The transaction may undervalue the Company. For example, Met-Pro recently announced that the Company's Environmental Air Solutions business unit has received an order in excess of
to supply an air pollution control system to a global developer and supplier of specialty industrial chemicals. The Company explained that the order demonstrates Met-Pro's unique ability to combine products from their various business units into a single source total solution to complex air emissions problems.
If you own shares of Met-Pro stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602,
Bala Cynwyd, PA
19004, by e-mail at
, by calling toll free 877-LEGAL-90.
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