JBT confirms non-binding proposal to acquire Marel; Eyrir Invest with 24.7% supports exclusivity

JBT MAREL Corp

JBT submitted non-binding initial proposal to acquire all shares of Marel hf., listed on Nasdaq Iceland and Euronext Amsterdam.
Eyrir Invest hf., holder of 24.7% of Marel shares, gave an irrevocable undertaking and entered exclusivity.
Proposal is preliminary; no assurance that any formal offer will be made.
Goldman Sachs is JBT's financial advisor; LEX and Kirkland & Ellis are legal counsel.

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