Fox Rothschild Helps Met-Pro to Close $210 Mil. Deal
According to Nicholas, the share price included $7.25, or 53 percent, in cash and $6.50, or 47 percent, in stock.
Nicholas said there were two reasons why the transaction included both stock and cash.
One was that there was only so much cash CECO, being a relatively small company, had on hand or could raise, according to Nicholas.
The other reason was that the original transaction the companies discussed would have been an all-stock merger of equals, Nicholas said.
Nicholas worked closely on the deal with fellow Fox Rothschild partner Vincent A. Vietti and associates Lauren W. Taylor and Alexander J. Tablin-Wolf.
Along with that core team of attorneys, Nicholas said, another six or seven Fox Rothschild tax, real estate and litigation attorneys handled various aspects of the deal.
Weiss did not return a call seeking comment.