Ceco announces expiration of HSR Act waiting period for Profire Energy deal

Ceco Environmental (CECO) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, or HSR, applicable to Ceco’s tender offer for Profire Energy (PFIE) expired at 11:59 p.m., Eastern Time, on November 15. The expiration of the HSR waiting period satisfies one of the conditions to consummate the tender offer. Other conditions remain to be satisfied, including, among others, a minimum tender of shares of common stock of Profire representing a majority of the total number of outstanding shares of common stock of Profire. Unless the tender offer is extended, the offer and withdrawal rights will expire at one minute after 11:59 p.m., Eastern Time, on December 31.