Osborne Clarke - Netherlands has assisted Marel Hf. (Marel), with Dutch regulatory advice in relation to Marel's transaction with John Bean Technologies Corporation (JBT). Marel is a multinational food processing company based in Iceland, holding a listing at Nasdaq Iceland and Euronext Amsterdam.

The transaction (EUR 3,5 billion) relates to JBT's intention to make a voluntary takeover offer for all the issued and outstanding shares in Marel, leading up to the signing of the transaction agreement between Marel and JBT last Friday 5 April. JBT plans to launch the offer in May 2024, subject to regulatory approvals and other customary conditions. The transaction is expected to close by the end of 2024.

The Osborne Clarke team in Amsterdam advised Marel on a range of Dutch financial regulatory and employment law matters relevant to the transaction. The Financial regulatory team included Johannes de Jong (Partner Financial regulatory), Gijs Versteegh (Associate Financial regulatory), with the Employment team including Jim Margy (Partner Employment) and Maartje Tan (Associate Employment).

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