JBT To Officially Launch Marel hf. Offer On June 24, 2024
Portfolio Pulse from Benzinga Newsdesk
JBT Corporation will officially launch an offer for Marel hf. on June 24, 2024. Marel shareholders can choose to receive either all cash, all JBT common stock, or a combination of both for each Marel share.
June 20, 2024 | 9:44 pm
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JBT Corporation is set to launch an offer for Marel hf., giving Marel shareholders the option to receive cash, JBT common stock, or a combination of both. This move could impact JBT's stock price depending on shareholder response and market perception.
The offer to Marel shareholders could lead to increased demand for JBT stock if shareholders opt for stock over cash. This could positively impact JBT's stock price in the short term. However, the actual impact will depend on the market's perception of the deal's value and the proportion of shareholders choosing stock versus cash.
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