CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that JBT and Marel hf. will host a joint webcast on Wednesday, December 11, 2024, at 8:00 AM ET / 1:00 PM GMT to further discuss the combination prior to the expiration of the voluntary takeover offer.
Live Webcast of Shareholder Fireside Chat in Iceland
On Wednesday, December 11, 2024, JBT and Marel will host an open house in Iceland for Marel shareholders. Space is limited for in-person attendance, requiring advance registration.
The fireside chat will be live streamed for wider distribution on JBT's website, Marel's website, and Arion Bank's website.
Expiration of the Voluntary Takeover Offer
JBT's voluntary takeover offer will expire on December 20, 2024, at 12:00 PM GMT unless extended according to applicable laws and terms between JBT and Marel. If JBT achieves acceptance by at least 90 percent of all Marel shares, it will settle the offer consideration within five Icelandic business days post-expiration. The transaction settlement is expected no later than January 3, 2025.
Marel shareholders are highly encouraged to tender their shares prior to December 20, 2024.
Transaction Advisors
- Financial Advisor: Goldman Sachs Co LLC
- Legal Counsel: Kirkland & Ellis LLP and LEX
- Icelandic Lead Manager: Arion banki hf.
- Euronext Amsterdam Exchange Agent: ABN AMRO
About JBT Corporation
JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry. It designs sophisticated products and systems generating significant revenue from recurring parts and services. Employing approximately 5,100 people worldwide with operations in over 25 countries.
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995...