Wednesday April 1, 2020

Cutrale-Safra boost offer for Chiquita in bid to scuttle Fyffes takeover

Brazil’s Cutrale Group and the Safra investment group have boosted their offer to buy Chiquita Brands International to about $658 million.

16th October, 2014
The higher bid will put pressure on Chiquita to reconsider its takeover of Fyffes

Brazil’s Cutrale Group and the Safra investment group have boosted their offer to buy Chiquita Brands International to about $658 million.

The higher bid will increase pressure on the banana producer to cancel its planned purchase of Irish competitor Fyffes.

The new bid of $14 per share is about 7.7 per cent more than their initial unsolicited proposal of $13 per share.

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