This will be the first time the company attends IPPE as part of the newly formed entity JBT Marel.

Marel’s largest shareholder accepted the latest offer.

The company now has until Jan. 19 to make a decision.

The two companies disclosed early details from the unsolicited proposal.

The company said the proposal did not account for Marel’s intrinsic value. 

The supplier said considerations were still in the preliminary stage.

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