Today,
The offer period commences on
Attached is an English translation of the advertisement relating to the voluntary public takeover offer to the shareholders of Marel, as published in local media in
“Today JBT has initiated a formal offer, which represents another milestone in the potential combination of Marel and JBT. The merger would create a global leader with a vision of feeding the world more sustainably and affordably. Marel’s long-standing and successful strategy would be further enhanced by JBT, achieving even more together at greater scale, benefitting from a wider and more diversified product portfolio and superior abilities to provide an even better service to our customers."
Investor conference call on Thursday 20 June
JBT and Marel will host a joint conference call for investors on Thursday
Please note that the joint investor call is an audio-only webcast and will be conducted in English. The live stream and replay will be available through this website: Webcast registration. To participate in the Q&A in the joint conference call, please register in advance at this website: Call registration link. The joint conference call will also include a supplemental presentation, which will be available on JBT's Investor Relations website, Marel's Investor Relations website, and
Investor meeting in
Additionally, JBT and Marel will jointly host an open investor meeting on Monday
If you would like to attend the meeting in-person, please register in advance at the following link as capacity is limited: Registration for in-person attendance.
Previously disclosed offer terms
As previously announced, JBT proposes a valuation of
Marel shareholders would have the flexibility to elect to receive, in exchange for each Marel share, to receive cash, stock, or a combination of stock and cash. Elections will be subject to proration such that the estimated consideration in the offer achieves an overall mix of approximately 65 percent stock and approximately 35 percent in cash. Including the impact of proration, the economic terms of the offer would result in Marel shareholders receiving an aggregate of approximately
The exchange ratios utilize a reference share price of
Shareholder questions on offer process
Marel shareholders who hold
Marel shareholders who hold
Marel has engaged
Further information:
Investor Relations
- Marel – Tinna Molphy
- Email: ir@marel.com
- Tel: +354 8538603
Media Relations
- FTI –
Alex Le May and Matthew O’Keeffe - Email: Marel@fticonsulting.com
- Tel: +44 (0)20 3727 1340
© Modular Finance, source