John Bean Receives Regulatory Clearances for Marel Acquisition

1. JBT received regulatory clearance to acquire Marel, closing by January 2025. 2. The acquisition offers cost synergies exceeding $125 million in three years. 3. Marel shareholders will receive €950 million in cash and hold 38% stake. 4. JBT's stock has underperformed the industry, gaining only 21% in a year. 5. Combined company will enhance global technology solutions in food industry.