From Nasdaq Inc.:

John Bean Technologies Corporation plans takeover offer for food processing company Marel for 3.60 euros per share, to be paid in cash or stock or both, in the first quarter of 2024. The combined company is expected to generate cost synergies of more than $125 million within three years. The transaction value is approximately 2.7 billion euros inclusive of Marel’s net debt. Preliminary full-year 2023 revenue is expected to be in the range of $1.66 billion-$1.67 billion with adjusted EPS of $4.05-$4.15. For 2024, JBT sees revenue in the range of $1.75 billion-$1.78 billion, and adjusted EPS between $5.05 and $5.45.



Read more: John Bean Technologies To Offer To Acquire Marel For 3.60 Euros/shr