MAREL HF : D-Day Friday the 19th? JBT likely to up offer, MAREL board may accept it
>JBT offer: a small raise and guarantees the most likely outcome - Given Icelandic securities regulation, JBT had to make an offer on January 5th. The Icelandic securities regulator has, however, granted JBT a 14 day extension. That means that coming Friday, JBT has to make an offer or walk away (at least for six months). We think it is likely that JBT will raise its bid by €0.10 or €0.20 (so to €3.60 or €3.70) and provide key guarantees. These include the guarantee t...Marel hf is an Iceland-based holding company active within the food industry. It is primarily engaged in providing equipment, systems and services for the poultry, meat and fish processing industry. The Company activities are divided into following segments: Poultry, including processing systems for broilers, turkeys and ducks; Fish, providing equipment and system for processing whitefish an salmon; Meat, including systems and services to the red meat industry, such as deboning and trimming, case ready and bacon processing; Further Processing, including portioning and forming, marinating, coating, frying, cooking and sausage making; and More Foods, including systems and services to processing such foods as vegetables, fruit and cheese. The Company's distribution network includes sales and service units in over 30 countries. The Company operates Sulmaq Industrial e Comercial SA as subsidiary.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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