US-based John Bean Technologies Corporation (JBT) has made a second "significantly improved" offer for all shares in Icelandic processing equipment manufacturer Marel following a failed attempt last month.
Marel confirmed Wednesday it received a second offer from the company regarding an unsolicited revised non-binding proposal for all shares in the company.
This time around, JBT is proposing a valuation of €3.40 ($3.70) per share for 100 percent of the outstanding shares in Marel. The offer implies an enterprise value of approximately €3.4
