---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-087864"
form_type: "8-K"
ticker: "JBTM"
cik: "0001433660"
company_name: "JBT MAREL Corp"
filed_at: "2024-04-05T23:59:59+00:00"
generated_at: "2026-06-04T01:44:58.707246+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# JBT signs definitive agreement for voluntary takeover of Marel; offer value ~€3.60/share, expected close end-2024

## Summary
- Offer: €3.60/share cash, 0.0407 JBT shares, or combination (65% stock/35% cash mix); Marel shareholders receive ~€950M cash and 38% of combined company.
- Largest Marel shareholder Eyrir Invest (≈25% ownership) irrevocably undertakes to accept the offer.
- Combined company named JBT Marel; Brian Deck as CEO, Arni Sigurdsson as President, Alan Feldman as Chairman; board of 5 JBT + 4 Marel independent directors plus CEO.
- Financing: €1.9B fully committed bridge facility from Goldman Sachs and Wells Fargo; pro forma net leverage expected <3.5x at year-end 2024, <3.0x by 2025.
- Offer expected to launch May 2024 pending FSA approval; transaction targeted to close by end-2024 subject to regulatory and shareholder approvals.

## SEC filing metadata
- accession: 0001193125-24-087864
- form_type: 8-K
- ticker: JBTM
- cik: 0001433660
- company_name: JBT MAREL Corp
- filed_at: 2024-04-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1433660/000119312524087864/0001193125-24-087864-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1433660/000119312524087864/d819349d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-087864
- JSON: https://secwatch.observer/filing/0001193125-24-087864.json
- Plain text: https://secwatch.observer/filing/0001193125-24-087864.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.