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 $7.25 in cash and $6.50 in stock for each share of Met-Pro stock they own. Met-Pro shareholders can choose to receive either $13.75 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 $500,000 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 or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [email protected] visiting http://brodsky-smith.com/574-mpr-met-pro-corporation.html, by calling toll free 877-LEGAL-90.
Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC