JBT achieves 97.5% Marel shareholder acceptance, will complete acquisition Jan 2, 2025

JBT MAREL Corp

Marel shareholders tendered 735.3M shares (97.5%), exceeding the 90% minimum acceptance condition.
Settlement expected Jan 2, 2025; proration applied as more shareholders elected JBT stock than available.
JBT intends to squeeze out untendered shares under Icelandic law; will rename to JBT Marel Corp. (ticker JBTM) effective Jan 2.
JBTM shares to trade on NYSE and Nasdaq Iceland starting Jan 3, 2025.

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