JBT makes revised $2.8 billion takeover proposal for Marel

John Bean Technologies Corporation (JBT) has made a revised, unsolicited proposal to acquire Marel, an Icelandic food processing equipment supplier, for $3.70 per share, valuing the company at $2.8 billion. Marel's board rejected the proposal.

“Marel’s board decided to reject the proposal, saying that the offer did not reflect the true value of the business and involved significant risks in executing the proposed transaction.”salmonbusiness.com

• 2 sources
• salmonbusiness.comJBT ups the stakes; new offer values Marel at $2.8 billion | Salmon BusinessEditorial TeamDec 14, 2023
• meatpoultry.comJBT details voluntary takeover of Marel | MEAT+POULTRYRyan McCarthyJan 19, 2024

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