Chiquita Confirms Receipt of Second Revised Offer From Cutrale / Safra

CHARLOTTE, N.C., Oct. 23, 2014 Chiquita Brands International, Inc., confirmed that it has received a revised offer from entities affiliated with the Cutrale Group and the Safra Group...

October 23, 2014

1 minute read

CHARLOTTE, N.C., Oct. 23, 2014 Chiquita Brands International, Inc., confirmed that it has received a revised offer from entities affiliated with the Cutrale Group and the Safra Group to acquire all of the outstanding common stock of Chiquita at a price of $14.50 per share in cash. On October 15, 2014, Chiquita’s Board of Directors unanimously rejected Cutrale / Safra’s previous offer of $14.00 per share and reaffirmed its recommendation that Chiquita shareholders vote to approve the definitive transaction agreement between Chiquita and Fyffes plc.

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