M&A
confidence high
sentiment positive
materiality 0.80
JBT receives all regulatory clearances for Marel acquisition; offer expires Dec 20, 2024
JBT MAREL Corp
- European Commission cleared transaction on Nov 26, 2024 after Phase 1 review.
- Australian Competition and Consumer Commission confirmed no opposition on Nov 22, 2024.
- Voluntary takeover offer expires Dec 20, 2024 at 12:00 GMT; settlement expected by Jan 3, 2025.
- Ann Savage (Marel director since 2013) to join combined board; Antonius van der Laan no longer expected.
- JBT requires at least 90% shareholder acceptance to settle the offer consideration.