John Bean Technologies Extends Offer for Marel Acquisition

John Bean Technologies ( (JBT) ) has issued an announcement.

John Bean Technologies Corporation (JBT) has extended its voluntary takeover offer to acquire Marel hf., prolonging the expiration date to December 20, 2024, to facilitate regulatory reviews by the European Commission and Australian Competition and Consumer Commission. This move enables shareholders who have already tendered their shares to remain unaffected, as JBT anticipates regulatory approvals by late November. The transaction settlement is expected to close by January 3, 2025, provided JBT achieves minimum shareholder acceptance.

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