John Bean's (JBT) Marel Offer Gets Iceland Regulator's Approval

Subject to a proration feature, Marel shareholders will have a choice in how they receive payment for their shares. In exchange for each Marel share, they can opt for either all cash (€3.60 per share) or 0.0407 JBT shares. They can also opt for a mix of both (€1.26 in cash and 0.0265 JBT shares). The offer will commence from Jun 24, 2024, and expire on Sep 2, 2024. John Bean Technologies Corporation (JBT) announced that Iceland's financial regulator has approved the offer document and prospectus related to ...