# 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.

- Type: Acquisition
- Announced: 2023-12-14
- Where: Iceland
- Value: $2.80B
- Status: rumored
- Products: food processing systems
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Marel](https://endata.com/companies/16848.md) (target)
- [John Bean Technologies Corporation](https://endata.com/companies/63837.md) (acquirer)

## Sources

- [salmonbusiness.com](https://www.salmonbusiness.com/jbt-ups-the-stakes-new-offer-values-marel-at-2-8-billion/), 2023-12-14: "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."
- [meatpoultry.com](https://www.meatpoultry.com/articles/29638-jbt-details-voluntary-takeover-of-marel), 2024-01-19: "The enhanced global operating scale of the combined company is expected to generate meaningful operating cost synergies."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.