Teleios Capital Partners supports JBT's improved valuation and deal structure for its takeover offer of Marel, subject to regulatory clearance and shareholder approvals, expected to close by end-2024.
Teleios Capital Partners, a long-term Marel shareholder, supports JBT's improved valuation and deal structure for its takeover offer. The JBT-Marel deal, subject to regulatory clearance and shareholder approvals, is expected to close by the end of 2024. Marel shareholders will have the option to receive cash, JBT common stock, or a combination of both for each Marel share. The combined company will remain listed on the New York Stock Exchange and apply for a secondary listing on Nasdaq Iceland.
April 05, 2024
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