M&A
confidence high
sentiment neutral
materiality 0.65
JBT Marel files pro forma financials for Marel deal; combined net loss $41M in FY2023
JBT MAREL Corp
- Marel holders representing 97.5% of shares accepted; squeeze-out redemption period ends Jan 30, 2025.
- Pro forma combined balance sheet as of Sep 30, 2024: total assets $8.2B, goodwill $2.6B, long-term debt $2.4B.
- Pro forma combined net loss of $41M for FY2023, net income of $20M for 9 months ended Sep 30, 2024.
- Total consideration ~EUR 950M cash and ~38% pro forma ownership; new $1.8B revolver and $900M term loan B.