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JBT Corporation Announces the Approval of Required Documents to Launch the Voluntary Takeover Offer for Marel hf.

John Bean Technologies Corporation (JBT) 
Last john bean technologies corporation earnings: 4/29 04:29 pm Check Earnings Report
US:NYSE Investor Relations: jbtc.com/investors
Company Research Source: Business Wire
CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that the Icelandic Financial Supervisory Authority of the Central Bank of Iceland (FSA) has approved the offer document and prospectus related to JBT’s voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. (ICL: Marel). JBT will officially launch the offer on Monday, June 24, 2024.Voluntary Takeover Offer SummaryThe terms of the offer will be consistent with JBT’s prior announcements. Subject to a proration feature, Marel shareholders will have the option to elect to receive either all cash, all JBT common stock, or a combination of cash and JBT common stock in respect of each Marel share as outlined below:All cash: €3.60 in cashAll JBT common stock: 0.0407 JBT sharesCombination of cash and JBT common stock: €1.26 in cash and 0.0265 JBT sharesThe economic terms above utilize a re Show less Read more
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