Chiquita Board of Directors Unanimously Determines $14.00 Per Share Offer From Cutrale Group and Safra Group is Inadequate and Not in the Best Interests of Chiquita Shareholders

CHARLOTTE, N.C., Chiquita Brands International, Inc. (NYSE:CQB) (“Chiquita”) today announced that its Board of Directors, after careful consultation with its legal and financial advisors, unanimously determined that the...

October 20, 2014

1 minute read

CHARLOTTE, N.C., Chiquita Brands International, Inc. (NYSE:CQB) (“Chiquita”) today announced that its Board of Directors, after careful consultation with its legal and financial advisors, unanimously determined that the offer from the Cutrale Group and the Safra Group (“Cutrale / Safra”) announced on October 15, 2014, to acquire all of the outstanding stock of Chiquita for $14.00 per share in cash, is inadequate and not in the best interests of Chiquita shareholders.

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