John Bean Technologies Granted Extension for Voluntary Takeover Offer for Marel hf. Shares

John Bean Technologies (JBT) said Monday the Financial Supervisory Authority of the Central Bank of Iceland has granted the company an extension on the expiration date of its voluntary takeover offer to acquire all outstanding shares of Marel hf.

The offer, initially set to expire Sept. 2, will now expire Nov. 11 -- or three weeks after all required regulatory approvals are obtained, whichever comes first, the company said.

Shareholders who have previously tendered their Marel shares do not need to re-tender their shares or take any other action in response to the extended deadline, the technology solutions provider said.