JBT Corporation has completed the settlement of the voluntary acquisition proposal from Marel hf. and has begun operations as JBT Marel Corporation.
JBT Marel Corporation (NYSE and Nasdaq Iceland: JBTM), which provides world-class technology solutions in the high value-added sectors of the food and beverage industry, announced that JBT Corporation has completed the settlement of its voluntary tender offer to acquire all issued shares validly tendered by shareholders of Marel hf. (Marel) before the deadline of the voluntary tender offer on December 20, 2024, at 12:00 PM (GMT).
Furthermore, the shares of the merged company, JBT Marel Corporation, have begun trading on both the New York Stock Exchange (NYSE) and Nasdaq Iceland hf (Nasdaq Iceland) under the new ticker symbol "JBTM."
