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JBT expects EU, Australian approval for Marel deal in late November

( October 30, 2024, 12:11 GMT | Official Statement) -- MLex Summary: Food-processing equipment maker JBT has extended its offer period for its acquisition of rival Marel to Dec. 20, from the current deadline of Nov. 11. JBT said it made the extension to give it enough time to receive approval from the European Commission, which has a decision deadline of Nov. 28. The company said it expects to receive approval from the commission in late November, and from the Australian competition authority “during a similar timeframe.”...

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