Industrials Company Oshkosh Announces Acquisition of John Bean Techs
Portfolio Pulse from Benzinga Insights
Oshkosh (NYSE:OSK) has announced the acquisition of John Bean Techs (NYSE:JBT) for $800 million in cash, expected to be completed in Q3 of 2023.
May 30, 2023 | 3:26 pm
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POSITIVE IMPACT
John Bean Techs is being acquired by Oshkosh for $800M in cash, with the deal expected to close in Q3 2023.
The acquisition by Oshkosh is a positive development for JBT shareholders, as they will receive $800M in cash for their shares. This could lead to a short-term increase in JBT's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Oshkosh acquires John Bean Techs for $800M in cash, expanding its industrial portfolio.
The acquisition of JBT will expand Oshkosh's industrial portfolio and potentially increase its market share. This could lead to positive short-term impact on OSK's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100