John Bean's Marel Takeover Extended by Iceland Regulator
JBTJohn Bean Technologies(JBT) ZACKS·2024-08-28 00:45

John Bean Technologies Corporation (JBT) has announced that the Financial Supervisory Authority of the Central Bank of Iceland has granted an extension to its voluntary takeover bid for Marel. This will buy JBT and Marel more time to secure regulatory approvals to close the transaction.John Bean’s takeover offer for Marel was previously set to expire on Sep. 2, 2024. It will now close on either Nov. 11, 2024 or three weeks after obtaining all regulatory clearances. The resulting entity, JBT Marel Corporatio ...