MAREL HF : JBT ups offer to €3.60 (all cash an option) plus guarantees. Deal likely but not guaranteed
>JBT improved its offer to €3.60 and provides the necessary guarantees - MAREL has issued a press release stating that JBT has made a 3rd offer. JBT is now offering €3.60 per share with MAREL shareholders given the option to go for 100% cash (unexpected) or a portion in cash (€1.26 plus the remainder in shares or the full amount in JBT shares). The MAREL board says the deal is deemed attractive and ‘offers an opportunity to participate in future value creation’. The ...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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