John Bean Technologies to Acquire Marel and Rebrand
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John Bean Technologies ( (JBT) ) has issued an announcement.
John Bean Technologies Corporation (JBT) announced the successful expiration of its voluntary takeover offer for Marel hf., with 97.5% of Marel shares tendered, surpassing the 90% minimum acceptance condition. JBT will proceed with a compulsory purchase of remaining shares and plans to change its name to JBT Marel Corporation, with shares trading on the NYSE and a secondary listing on Nasdaq Iceland starting January 3, 2025.
More about John Bean Technologies
JBT Corporation is a leading global technology solutions provider serving high-value segments of the food and beverage industry. The company designs, produces, and services sophisticated products and systems, with about half of its annual revenue generated from recurring parts, service, rebuilds, and leasing operations. JBT employs approximately 5,100 people worldwide and operates in more than 25 countries.
YTD Price Performance: 24.77%
Average Trading Volume: 389,062
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.94B
Find detailed analytics on JBT stock on TipRanks’ Stock Analysis page.
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